7th Pay commission- Realtor are expecting home sales to rise

Real estate industry is hoping to improve property price after the execution of 7th pay commission rule. Prices are currently on a lower stage because of the slowdown in the Indian real estate market. Two top associations of realtors CREDAI and NAREDCO– stated that real estate sector would also profit from sanction of the model law that allows shops, malls, multiplexes among the other concerns to run 24*7 throughout the year. They are expecting according to the 7th pay commission recommendation this initiative will lead to wise investment by the Govt. employees for purchasing residential properties. The current market shows down arrow in real estate price while gold price is ruling the chart, for the stock market is also on the higher octave. Thus realtors are expecting funds to be invested on real estate sector and business will augment accordingly.
A recent real estate research says that there is a great pay hike in Govt pay scale as well as in the pensioners’ scheme; therefore there is a probability of more liquidity in the market which will lead to multiple investments into real market from the sector of Indian Govt. Another important addition to this movement is the approval of Model shops and Establishment Bill. This initiative will increase the employment level and further economic turn over. The people of India will have the more choice to shop anything from anywhere. Thus the sale of shopping malls and retailers will also jump up. This wave won’t just be restricted into the shopping malls, all the online and offline e-commerce sites, property portals, and other trading and service industry are expected to draw optimum profit along with a developing employment factor.
On the whole the retail sector in India specifically the logistic and warehouse dept will positively the get profited in a long run with this working law. In Kolkata property portals that are offering a wholesome residential property sale in Kolkata, will also see higher margin of profit from its virtual consumers, expected by the realtors and other market experts. As per the market graph it’s a correct time to invest on flats in Kolkata.