budget homes in gurgaon

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propertyhub
November 23, 2016 Effect of Demonetization on
Real Estate Development
The banned currency of Rs. 500 and Rs. 1000 has
created the controversy in everyones mind. Few
days there has been an announcement from the
prime minister who said that currency of 500 and
1000 should be banned permanently and
individuals can exchange the money with new
currency and old currency shall be deposited
into the banks. Through this new policy,
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the government may remove the black money from
the economy and cut down the property rates
which will help to create more affordable housing
projects for buyers.
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• Let us discuss point which effects on the real
  estate market
• Through demonetization, the interest rate of the
  banking system will be cut down on both deposits
  and loans.
• With low-interest rate real estate industry get a
  massive boost for everyone and that will attract
  to property
• If the interest rate is low then everyone will
  invest in properties. Not only the buyers but
  investors and businessmen or professionals will
  also leave no stone untouched when it comes to
  the real estate sector.
• If the price is still the same then buying home
  or apartment is easy due to lower EMI on loans
  as it lower interest rates.
• If the interest rate on FB is 5-6 interest on
  Home Loans shall come down to 7-8

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1. Investors or buyers show their keen interest in
   investing in properties rather than earning a
   5-6 on the bank deposits. It is as simple as
   buying and renting offers more return on
   investments.
2. People who came from the unorganized/ small
   sector are earning so well and it can be clearly
   seen that they are also depositing their money
   into banks which mean that they are also
   eligible to buy property and can fulfill their
   dream of buying a home.
3. Better connectivity to State/ National Highway,
   up gradation in transportation and developing an
   airport in town will lead to increase in the
   price and demand of properties in the city.
4. If this would happen then the demand for
   affordable housing scheme is increase and other
   Affordable Housing Scheme will launch their
   projects in the realty market.
5. Recently, HUDA has launched Affordable Housing
   Schemes in Gurgaon which provides the affordable
   flats to buyers which consist of 1 2 BHK flats.

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The affordable housing properties would
definitely affect the real estate market on a
positive note and soon the rest of the market
would also gain the much needed momentum.
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