It’s too early to predict the future of realty sector: Parveen Jain, President, NAREDCO

Mr. Praveen Jain, President NAREDCOAshvita Singh

India enjoys the position of being the favorite outsourcing destination for global business companies, and their commercial and office demand is going to continue its rise, contends NAREDCO chief. 

There is a negative sentiment regarding the real estate sector post demonetization. At ground level, however, have the realty prices come down?

It is too early to say anything regarding the matter as not even two months have passed since demonetisation. Presently, everyone is busy trying to understand and deal with the prevailing banking situation. The after effects shall gradually start pouring in once the banking situation normalizes. As of now, however, nothing definite can be said.

Granted that it is too early to comment on the finality of situation, what, according to you, is going to be (demonetisation’s) long term and short term impact on property segment?

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