{"id":1567,"date":"2017-11-07T12:09:14","date_gmt":"2017-11-07T12:09:14","guid":{"rendered":"http:\/\/www.trimurty.com\/blog\/?p=1567"},"modified":"2025-02-18T14:31:53","modified_gmt":"2025-02-18T14:31:53","slug":"demonetisation-turns-year-effect-reality-market","status":"publish","type":"post","link":"https:\/\/www.trimurty.com\/blog\/demonetisation-turns-year-effect-reality-market\/","title":{"rendered":"Demonetisation \u2013 Its Effect on the Real Estate Market"},"content":{"rendered":"

It was on 8<\/span>th<\/span> November that <\/span>demonetisation<\/b> was announced in the country.\u00a0 It was peddled as a surgical strike against black money.<\/span><\/p>\n

Economic Overview Post-Demonetisation<\/span><\/h2>\n

After the implementation of <\/span>demonetisation<\/b> following changes were witnessed in the economy \u2013<\/span><\/p>\n

    \n
  1. First, the GDP growth has come down to 6.1 per cent and 5.7 per cent in Q1 and Q2 2017, respectively. It is believed to be a temporary phase and in coming quarters Indian economy is expected to grow faster.<\/span><\/li>\n
  2. Secondly, the Business Confidence Index has risen to 64.1, from 56.4 in Q1 2017.<\/span><\/li>\n
  3. Additionally, due to the continuous efforts by the government, India also jumped to 100 from 130, in the \u2018Ease of Doing Business\u2019 rankings, making it the first country to record the highest jump in the World Bank\u2019s rankings.<\/span><\/li>\n<\/ol>\n

    The <\/span>demonetisation<\/b> wave seems to have settled down and the prospect for the real estate sector looks promising. During the last one year, apart from demonetisation, the real estate sector also witnessed several significant policy reforms, such as the implementation of the Real Estate (Regulation and Development) Act in several states, the nationwide implementation of the Goods and Services Tax (GST) and amendments in the Benami Transactions (Prohibition) Act.<\/span><\/p>\n

    Check Out: <\/span>Trimurty\u2019s RERA Registered Projects \u2013 Ariana & Arabella<\/span><\/a><\/p>\n

    Impact on different real estate sectors<\/span><\/h2>\n

    Residential sector: Affordable housing in vogue<\/span><\/h3>\n

    Post demonitisation the sales in the secondary residential market, especially in the <\/span>luxury segment<\/span><\/a>, were impacted. However, the transactions in mid-segment and affordable housing remained less impacted and buyers\u2019 preference remained tilted towards ready-to-move-in houses.<\/span><\/p>\n

    Due to continuous support of the government and its push towards the Pradhan Mantri Awas Yojana, the affordable housing segment should pick up and more developers and investors will try to invest in this segment.<\/span><\/p>\n

    Commercial markets: Investors remained active<\/span><\/h3>\n

    After demonetisation, the commercial leasing market remained, while commercial strata sale was impacted to a certain extent. There was a temporary slowdown in the overall transaction volumes, in the first few months post-demonetisation. However, a year after demonetisation, investor activity seems to be picking up, on the back of improved investor confidence and several major transactions have been concluded. 2018.<\/span><\/p>\n

    Long-Term Forecast for Real Estate Post-Demonetisation<\/span><\/h2>\n

    All the policy reforms, especially<\/span> RERA<\/span><\/a> and GST, are helping in aligning the real estate sector to the international standards of doing business. It will encourage the entry of more foreign entities (developers and funds) in the Indian market and more liquidity for the Indian developers who have an established track record.\u00a0 Research remains positive about the prospects of all commercial and residential real estate markets in the long run.<\/span><\/p>\n

    Conclusion<\/span><\/h2>\n

    Demonetisation, while disruptive in the short term, has paved the way for several reforms that are shaping a more transparent and investor-friendly real estate market in India. As we look to the future, the sector is expected to thrive, with significant opportunities in both <\/span>affordable housing<\/b> and <\/span>commercial real estate<\/b>.<\/span><\/p>\n

    Frequently Asked Questions<\/span><\/h2>\n
      \n
    1. How has demonetisation affected India’s real estate sector?<\/b>
      \n<\/b>Demonetisation led to a temporary slowdown, but policy reforms like RERA and GST are boosting long-term growth, particularly in affordable housing and commercial markets.<\/span><\/li>\n
    2. What impact has demonetisation had on affordable housing?<\/b>
      \n<\/b>The government\u2019s support for affordable housing through schemes like PMAY has resulted in stable demand, with more developers focusing on this segment.<\/span><\/li>\n
    3. What\u2019s the outlook for the commercial real estate market after demonetisation?<\/b>
      \n<\/b>While there was a temporary slowdown, investor confidence is improving, leading to more significant commercial transactions and growth in the market.<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"It was on 8th November that demonetisation was announced in the country.\u00a0 It was peddled as a surgical…","protected":false},"author":1,"featured_media":1569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1567","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property-investment","8":"cs-entry","9":"cs-video-wrap"},"yoast_head":"\nDemonetisation's Impact on India's Real Estate Market | Trimurty Insights<\/title>\n<meta name=\"description\" content=\"Explore the long-term effects of demonetisation on the Indian real estate market. 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