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Demonetization : Is it the right time to invest in property?

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Demonetization : Is it the right time to invest in property?

Last updated: February 9 2017
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  • Demonetization : Is it the right time to invest in property?

    Since we have heard all the effects of Demonetization, I want to know whether it's right time to invest in property. Can someone guide me through this?
  • #2

    #2

    Re : Demonetization : Is it the right time to invest in property?

    Anytime is a good time for investment in RE so long you are satisfied with the price....

    Comment


    • Anuradhavarde
      Anuradhavarde commented
      Editing a comment
      True, But as we have seen the recent budget, do you think it'll be a smart decision?
  • #3

    #3

    Re : Demonetization : Is it the right time to invest in property?



    Assuming 3 trillion cash out of the system. Below are some of the things i am watching, how it would play out in following months

    1. Informal sector business requirement of cash
    2. Life style needs for the privileged
    3. Wealth Safety - Portfolio shuffling


    P.S:Already 8.4 trillion deposited to banks, another month left. I wouldn't be surprised to see remaining 5.6 deposited to banks.

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    • #4

      #4

      Re : Demonetization : Is it the right time to invest in property?

      My personal advise is wait for some more month.

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      • #5

        #5

        Re : Demonetization : Is it the right time to invest in property?

        This is the best time for buying properties in the city vicinity and for those who missed already. A rare chance!

        Comment

        • #6

          #6

          Re : Demonetization : Is it the right time to invest in property?

          Originally posted by rockeyireb View Post
          This is the best time for buying properties in the city vicinity and for those who missed already. A rare chance!
          Could you add info to support your claim? Any price reduction happening that you are aware of? Do you think price will increase from now, if so why? Are you a builder or plot developer/promoter or mediator by profession?

          Comment

          • #7

            #7

            Re : Demonetization : Is it the right time to invest in property?

            Originally posted by iceemani View Post

            Could you add info to support your claim? Any price reduction happening that you are aware of? Do you think price will increase from now, if so why? Are you a builder or plot developer/promoter or mediator by profession?
            Sir, I am a lay man, my opinion based on what I hear from people. Just a sample, Ponmar area is good for investments and now you can get good plots, good location, for better price.

            Comment

            • #8

              #8

              Re : Demonetization : Is it the right time to invest in property?

              Originally posted by Ramchi View Post
              Anytime is a good time for investment in RE so long you are satisfied with the price....
              True

              Comment

              • #9

                #9

                Re : Demonetization : Is it the right time to invest in property?

                Can we really expect tweaking in Personal income tax or Stamp duty rates post Dec 30? There are some requests already to reduce the stamp duty to prevent evasion/under reporting. Also real estate demand is partially driven by IT exemptions on home loan to save tax. My guess is tweak in any of these two params will affect RE.

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                • #10

                  #10

                  Re : Demonetization : Is it the right time to invest in property?

                  Originally posted by rockeyireb View Post

                  Sir, I am a lay man, my opinion based on what I hear from people. Just a sample, Ponmar area is good for investments and now you can get good plots, good location, for better price.
                  Thanks sir.

                  Comment

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