Finance Minister Arun Jaitley said as much on Wednesday when he declared that “real estate will become more affordable now”. And real estate prices will come down,” Century 21-DGS Managing Director Devendra Gupta told DNA. The most important factor is that investors will now focus more on sustaining their own business demands rather than opting for real estate investment opportunities. Buyers also parked black money with builders who had huge expenses where they could absorb the cash. Black money transactions were rampant in tier 2 and tier 3 cities as well with the gap between market rate and circle rate and a significant number of people using the sector to absorb their unaccounted for money.

Source: dna November 10, 2016 07:16 UTC