Demonetization : Positive Impact On Real Estate in India
CHEAPER HOME LOANS
Banks are flooded with funds driving down interest rates on deposits and loans- Home loan rates expected to be down to 7·8 %’
LOWER EMIs
Apartments to come within reach of buyers due to lower EMI on loans due to lower interest rates
ATTRACTIVE INVESTMENT
Historically at such Low interest rates real estate industry gets a massive boost as property becomes attractive to both end users and investors
GREATER ROI
Investors find investing in property more attractive than earning a paltry 5·6 % on bank deposits as simply buying and renting out gives them more return. Plus they create an asset and earn appreciation over a period of time at the same time getting income tax deductions
MORE BUYERS
Demonetization will see the most money flowing in banking system from people in the unorganized /small scale sector: Crores of new people entering banking system means that they will also be eligible to get bank loans and fulfill their dream of owning a house
IMPROVED INFRASTRUCTURE
Government will have lakhs of crores to boost funding in infrastructure schemes such as Smart City Mission, Swacch Bharat Mission,Housing for All etc. New Airports in town, better connectivity to National/State highway. upgradation in city transport all lead to increase in demand and prices of properties in cities
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