On June 30, 2016, Mr. Pawan Jasuja, Director- Finlace Consulting gave his insights on 7th Pay Commission and its impact on real estate especially housing demand. The article published at Magicbricks.com was titled as ‘7th pay commission could work well for real estate’ and carried comments from other leading realty experts and developers as well.
Mr. Pawan Jasuja commented, “The impact of the 7th Pay Commission recommendations symbolizes the growing economy and I believe housing sector will be the biggest beneficiaries among all. Sudden rise in income and expenditure capacity of government employees may move towards real estate investment. The recommendations are likely to be involved in stimulating the demand of realty sector not only in metro but also in tier 2 & 3 cities too where property buyers are more demanding.”
Read the full story at: http://content.magicbricks.com/industry-news/industry-buzz/chennai-industry-buzz/7th-pay-commission-could-work-well-for-real-estate/86548.html