VIJAYAWADA: The 4th property show of the Confederation of Real Estate Developers Association of India (CREDAI) took off on a grand note here on Friday.With demonetisation tensions easing a bit, the realtors are hoping that things would get better. Despite the dip in the number of land registrations post demonetisation, the realtors say the sector remained unaffected.
Since there is no cash component, the currency shortage will not affect the prices, they argued. Things are looking brighter as the banks are offering attractive loan options.CREDAI Vijayawada unit president Siva Reddy says a majority of the builders are securing bank loans and are entering into joint agreements with plot owners to circumvent the cash problems. Demonetisation actually benefits the housing sector as the housing loan rates got slashed to 6.5 per cent from 9 per cent, he said.
“We are marketing our bricks by setting up a stall in CREDAI. We are happy that the customers are preferring bio-green technology in a big way,” NCL Flyash Bricks sales officer B Sudheer Kumar said.