Property News · November 14, 2017

India’s property sector unlikely to see revival as government cash ban bites


India’s property sector was already battling a slowdown last year, when Prime Minister Narendra Modi’s crackdown on cash quashed any hope of an imminent revival.
Removing 86 per cent of cash, at the time a key part of many real-estate transactions, dented sales and new launches of residential projects, which make up 80 per cent of the market. The government’s clean-up measures have since continued, with new homebuyer protections rolled out in May and a nationwide sales tax in…

Source : South China Morning Post
Read more…India’s property sector unlikely to see revival as government cash ban bites

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