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Amritsar, the second-largest city of Punjab, boasts of the Golden Temple and attracts more visitors than the Taj Mahal. At present, the city has ample supply of residential units, with many new township projects launched along the national highway and airport.
Demonetisation completes one year. On November 8, 2016, Prime Minister Narendra Modi had announced the closure of Rs 500 and Rs 1,000 notes.
According to Pankaj Goel, Secretary, CREDAI-NCR, “The Union Government initiated the move to demonetise high value currency notes previous year, which impacted more or less almost every industry in India. As far as the real estate sector is concerned, the commercial market remained unaffected by demonetisation.
According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, “Business sentiments in the recent history of real estate in India have hit the lowest levels of optimism.
JLL India has structured a marquee transaction between Royale Builders & Developers, one of the largest land aggregators in Bengaluru, and leading real estate developers Godrej Properties.
An iconic city that is elevating every other moment with its rapid urbanisation which has been due to the hallmark of growth and development. Southern Peripheral Road (SPR), the growing real estate hub in New Gurgaon, Delhi-NCR region is drafting the attention of investors and developers in the city.
The aftermaths of demonetisation have perhaps come to a full circle. A year back when the government decided to derecognise high denomination currency, momentum in the real estate sector came to a grinding halt.
Demonetisation was undoubtedly a landmark event in the history of our economy. The aim of demonetisation was to curb the use of black money, but the cash crunch it caused contributed to significantly lower real GDP growth in the subsequent quarter