Implementation of the Seventh Pay Commission recommendations will give a boost to real estate sector
Being a Central Government employee, you do have limited resources at your disposal and now with the Seventh Pay Commission already submitting its report to the Central Govt, you can see some semblance of hope to turn your dream into reality. With the real estate sector reeling under tremendous pressure of unsold inventory, the Pay Commission report may turn out to be a blessing in disguise.
Developers are of the view that that the Pay Commission Recommendations will boost the spending propensity of the salaried people and real estate being a viable option, the segment is likely to end up getting a sizable investment. Sachin Sandhir, Global MD, Emerging Business, RICS, says, “The Seventh Pay Commission’s recommendations will bring in much needed funds in the hands of a common man who is looking to stay in his own house rather than a rented one. Housing demand is expected to go up as Pay Commission’s recommendations would put higher disposable income in the hands of these employees.“
We hope The 7th Pay Commission recommendation, is an important milestone in the real estate cycle as an increase in salaries of government employees is likely to boost the demand for home purchases. That’s why Amrapali Group brings new Scheme for their prestigious residential property in noida extension named Amrapali Verona Heights and Amrapali Spring Meadows
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