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Indian Property Price Bound for Major Fall during Short Period of Time - You know why?

Indian Government in a coordinated way trapped all black money hoarders. The decision of discontinuation of INR 500 & 1000 and replacing it with new 500 & 2000 note took all by surprise with no option to escape. Property segment rely on hard cash and sector is under recession for the last 4 to 5 years.

Recently, Honorable Supreme Court sent strong message to developer on delayed delivery to non delivery of finished product to their end consumer.

Under pressure from all side, it is expected that developer will cut prices heavily to generate cash to fulfill to guideline of Supreme Court.

At the same time, lots of black money is invested in property segment but the sudden wipe out of hard cash, many will be forced to sell their property to generate cash to run their business to fulfill other commitments rather than going to government with cash and face heavy penalty plus jail term.

Both the above factor will play as catalyst for short term which will depressed property price by 30 to 40 %. The biggest hit will be experienced in Metro cities.

It's the right time for those paying taxes and keeping it with bank to start thinking of owning their own house.

Please also stay away from investing in real estate based company stock for the next 6 months till the picture gets clearer.

Disclaimer: Consult your financial advisor before investing.

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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