Demonetisation to bring in more transparency to Delhi’s farmhouse market

Demonetisation to bring in more transparency to Delhi’s farmhouse market

Will the ban on Rs 500 and Rs 1000 notes impact the lucrative farmhouse market in Delhi NCR? It is no secret that the cash component in transactions for such properties range from anything between 25% and 60% with the largest investor segment comprising high net worth individuals. They are now likely to shy away from agricultural land deals and this might help soften market prices in the long term. Funding for developers is not permissible under RBI rules. Developers are not allowed to borrow money from the banking system…

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