After demonetisation, the prices of properties have fallen, so people dont want to heavily invest in villas such as raisina residency. You can also look for other options such as Mahindra Luminare which is in the same Sector 59.
And secondly, govt. is much more active in black money transaction. If you are buying a luxury property, you have to be careful about the Benami Property. As per Benami Act, a person can register only two property in their name in that states. More than two properties will be considered as Benami Property. You will have to show the sources of income.
Yes, We have to change our sector outlook on Indian homebuilders to negative, from stable, after the authorities took steps in November 2016 to demonetise large-denomination bank notes. Builders have to win the confidence of the buyers first. One goal of demonetisation is to curtail undeclared wealth, which will take its toll on home demand.
Hi Chhavi, Now-a-days, everybody is looking for affordable housing and you can see that govt has launched so many affordable housing project and even the property price is decreasing due to Demonetization and RERA. Villas in Tata Raisina Residency is approximately Rs. 3 to 4 crore onward for a 3BHK villas.