Real Estate in India

Realestate in India is going through a rough patch for the past couple of years, a recovery was being forecast for 2017.  However, with the demonetisation initiated in Nov 2016, real estate in India will continue to reel due to lack of market liquidity and negative market sentiment. It is general knowledge that real estate in India was one of the highest grossers of black money and therefore the secondary real estate market has just frozen due to demonetisation, only distress sales are taking place. Fortunately, market pundits are highlighting this as a short term effect and the real estate markets are predicted to recover by end of 2017 with a fresh strong foundation. With a number of policy changes and a stronger legal infrastructure the real estate sector in India is going through a reorganisation and will bounce back much stronger.  Propchill helpline: 7827456456