​​​
  1. Affordable homes will be a reality after cash ban: Deepak Parekh

Affordable homes will be a reality after cash ban: Deepak Parekh

HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments.

By: | New Delhi | Published: January 15, 2017 12:33 AM
HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments. (PTI) HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments. (PTI)

HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments. He also expressed hope that many developers will now move towards affordable homes. “Demonetisation has been a game changer and was part of a bigger plan of the government. It also ensured that smaller home developers got formalised. The Indian economy has been resilient to the change as anticipated earlier and needs to move forward from demonetisation which was used to oust black money,” Parekh was quoted as saying at an event titled ‘Remonetise India – A Citizen’s Pledge’.

You May Also Like To Watch:

Others present at the event included IT and Law and Justice Minister Ravi Shankar Prasad, Commerce and Industry Minister Nirmala Sitharaman, Niti Aayog CEO Amitabh Kant, Infosys founder Narayana Murthy and Hero Corp Joint MD Sunil Munjal, among others.”There is a deep conviction that India will emerge as a much stronger force after demonetisation. The biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments and thus, we also hope that many developers now move towards affordable homes,” Parekh said.

Munjal said that from a company’s point of view, one needs to find alternatives to make payments.”We also need to watch out for contemporary changes that are taking place across the world and encourage multiple ways of cashless transactions,” he added.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top