SARE Home's View on PM's Decision to Demonetise Rs 500 and Rs 1000 Currency

Vineet Relia MD

Mr. Vineet Relia, Managing Director of SARE Homes

“This is a very bold move taken by the Government and we truly support the decision of moving towards cash less economy. The move will have a major impact in secondary sales especially in the high value segment. At SARE we comply to the highest standards of corporate governance and feel that RERA plus this move will heap huge benefits in the long term. In the short term there will be cash flow issues and primary sales originating through migration of customers selling older family homes for new properties will get affected. This move will also enhance confidence of global investors looking at large investments in the real estate sector."