Indian Real Estate market was trying to look up post slow economy triggered slowdown but got blowout punch on 8th Nov 2016. GoI launched Demonetization Drive and pulled our 86% of the total floating currency from the economy. We all know that Indian Real estate sector is most unorganised sector and destination of Black Money investment by hoarders. As the sector predominantly work on cash and pull out of currency acted as poison for the sector.
Many companies in the sector is under the scanner of Honorable Supreme Court of India for non delivery of flat on committed date. At the same time millions of investor invested their hard earned money to have their dream home. Parallelly lots of illegal money is being invested.
Post Demonetization Drive many will try to come out of the sector in order to have hard cash and sell off in the sector is imminent.
The artificially inflated price of property in Metros as well as upcoming cities will experience major price correction. It may take 2 to 3 months to start experiencing the start of the fall which will continue for next few years as inventory in Real estate market is huge.
Due to Demonetization, many will face the cash crunch which will keep the buyers away from the market. Wait for that moment before going and looking for house. One should do heavy bargaining and it's the time for buyer to negotiate.
Don't try to invest in early stage project as sector will experience unprecedented Cashflow issue for next few years. Go for ready to move in property to be on the safer side
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