PM Modi’s announcements will provide confidence to the real estate sector – Sachin Sandhir, Global Managing Director, Emerging Business – RICS

New Delhi, January 06, 2017: PM Modi’s speech on New Year eve came as a welcome relief to the masses. Several of his announcements targeted at the farmers, SMEs and the lower and middle class would help boost the economy, especially the sagging real estate sector. They will also accelerate the investment cycle and consumption in villages. The rebate of 3 to 4 percent on home loans is a positive development which will encourage home buyers to take early purchase decisions. The fence-sitters will be motivated to take the plunge and actively seek home loans for reconstructing old houses or buying new ones. This will provide a certain amount of confidence to the real estate sector and aggressively promote affordable housing throughout the country.

Corporate Comm India(CCI Newswire)