One year of Demonetization - Mr. Ankur Dhawan, Chief Investment Officer, PropTiger.com - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, November 08, 2017

One year of Demonetization - Mr. Ankur Dhawan, Chief Investment Officer, PropTiger.com

Guote from Mr. Ankur Dhawan, Chief Investment Officer, PropTiger.com on one year of Demonetization.


“Despite the slowdown in the initial phase, demonetization had a major positive impact on the real estate sector and turned out to be a blessing in disguise in the medium-to-long term, especially for buyers of mid income and affordable apartments. 

Although it had a huge impact on both primary and resale real estate transactions in November and December 2016, with sales dropping by 40%, one of the key benefits of demonetization was a reduction in base rates by 1% for almost all banks. 
Post January 2017, the overall sentiment of the industry has taken an uptake which is visible in the number of units sold in January – March 2017 quarter at 51,000 units against 54,000 units sold in July – September 2106 quarter.

These facts and figures clearly indicate that in the near future the sector will be propitious and will fetch the best of the results in all times.”
One year of Demonetization - Mr. Ankur Dhawan, Chief Investment Officer, PropTiger.com Reviewed by S. Chitra on November 08, 2017 Rating: 5 Guote from Mr. Ankur Dhawan, Chief Investment Officer, PropTiger.com on one year of Demonetization. “Despite the slowdown in the ini...

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