Government banning Rs.500 and Rs.1000 notes and its impact on the Real Estate sector

Comment by Tushad Dubash, Director, Duville Estates
"We welcome the government’s initiative which has the potential to curb unfair trade practices within the industry. Initiatives such as this will go a long way in increasing transparency and restoring home-buyer confidence in the market. It will also pave the way for those developers with strong corporate governance to be able to meet customer’s expectations in a fairer, albeit competitive, market. In a nutshell, a good move by the government that promises a healthy and conducive environment for growth and development of the real estate sector."