Seventh Pay Commission to Elevate the Indian Real Estate
Sep 28, 2016 Real Estate News
Flip the pages of newspapers, or turn to another news channel, the most popular news these days everywhere is about the implementation of the 7th pay commission. There has also been news that with this implementation of the 7th pay commission, the real estate market which was stagnant from so long will be improving and benefiting.
As per the realty experts, the real estate sector will also witness a benefit from the approval of the model law which will allow the shops, cinema halls, the malls and other establishments to run for 24 hours and 7 days all year long!
When taken the views of various realtor into account, it was summarised as follows
The realtor believes that this pay commission will definitely improve the current situation of the real estate market and take it to new and growing heights.
As per the realty experts, the real estate sector will also witness a benefit from the approval of the model law which will allow the shops, cinema halls, the malls and other establishments to run for 24 hours and 7 days all year long!
When taken the views of various realtor into account, it was summarised as follows
- The implementation is indeed a good decision as this will lead to a wise and good investment by the government employees towards purchasing of a home.
- The prices in the real estate market are low currently, while on the other hand the gold prices and the stock markets are high and up. Hence with the sanctioning of the 7th pay commission, real estate investment and tractions will experience a boost.
- The decision of elevating the pay for all the government employees and the pensioners will help in flushing more amount of liquidity in the real estate market through widening the channel of owning capacity.
- The sanctioning of the ‘Model Shops and Establishment Bill’ will also be a highly positive move, as it would lead to a hike in the economic as well as employment turnover. Also, Indians would have the freedom to shop anytime of the day!
- This move will also lead the way to the growth in the sectors of e-commerce, service industries and the organised retail. This 7th pay commission will also bring in the online and offline retailers at one level playing field and will also boost employment opportunities.
- As per data, India’s retail sector accounts for about a percentage of 15 of India’s GDP and this is expected to witness a huge increase with the implementation.
- This move will also increase the level of competition between the virtual and the physical players but will be beneficial for all the consumers and also the labour force.
The realtor believes that this pay commission will definitely improve the current situation of the real estate market and take it to new and growing heights.
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