A Courageous Move by the Government, will help bring transparency in the RE sector: Ashwin Sheth
Author(s): City Air NewsAshwin Sheth, Chairman & Managing Director, Sheth Corp. photo: city air news Mumbai, November 9, 2016: PM Narendra Modi’s announcement on banning Rs.500 and Rs.1000 notes is a courageous move by the Government which...
cityairnews
Nov 9, 2016 12:30
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Ashwin Sheth, Chairman & Managing Director, Sheth Corp.
photo: city air news
Mumbai, November 9, 2016: PM Narendra Modi’s announcement on banning Rs.500 and Rs.1000 notes is a courageous move by the Government which will have a significant impact on the real estate sector, reckons Mr.Ashwin Sheth, CMD, Sheth Corp Ltd.
“The real estate sector is in a revival mode and already the implementation of RERA has brought a lot of confidence amongst the buyers. Investments made with unaccounted wealth will be eradicated bringing transparency in the sector.”
“Further, this move by the Government will now help to curb many inconsistencies and unfair trade practices bringing professionalism in the sector. Reputed builders would not feel the pinch as they have been making use of bank channels for transactions. With the RERA Act and the demonetization of the 500 and 1000 currency notes we can expect to witness positive reforms and sales growth in the affordable housing sector. This is a win-win situation for developers and home buyers”, added Mr. Sheth.
