International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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MONETARY POLICY IMPLICATIONS AND IMPACT OF DEMONETIZATION ON HOUSING & REAL ESTATE SECTOR IN INDIA

    3 Author(s):  P. KRISHNA PRIYA, DR.K. ANUSHA, V. PRAVEEN KUMAR

Vol -  8, Issue- 12 ,         Page(s) : 134 - 140  (2017 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

The paper examines the world’s largest democratic country India’s Prime Minister Modi’s time in power. It focuses on the implications of the policy changes to the housing and real estate industry, looking at key initiatives taken by the government. The industry was buoyant that the new government would progress reforms that not only benefit the economy but also change the real estate industry’s fortunes, which had suffered owing to slow policy reform, high leverage, an inventory overhang and limited institutional funding. The article covers the effects of demonetisation drive on the housing and real estate sector as payment of cash pays a huge role in resale property and land property market, the segment faces a direct impact of demonetization.

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