With the ban of 500/1000 currency notes no doubt a great step taken in the favour of nation building. This demonetization also makes the construction industry unaffected, but due to higher denomination currencies, it has harshly hit allied sectors. As per some top Traders dealing in the construction related material like cement, steel, granite paints and marble industry is badly affected.
After the proclamation of currency demonetization, there is around 80% dip in sales. As this time money transactions are accepted out in the form of online transfers, demand drafts, and cheques, which makes difficult for the common people as well to do shopping,” said Ashish Kumar a marble trader in Delhi.
AS you go through the Gaur Yamuna city review many people have expressed that an infrastructure cannot be complete without the help of these allied industry growths. However, many of these product buyers do not know how to use the services of pay tm or fund transferring process which makes it difficult for the market sellers to sell their product.
After currency demonetization many shops are waiting for customers and whatever the buyers comes to our stores come with old currency which we can’t accept says, Fashion designer Arpana Singh in Ghaziabad.
Moreover, many traders are hopeful that it would take at few more weeks to get a clear picture and recover from the impact of this demonetization shift.
Further, Gaur builder review also express that as more and more people depositing money in the banks which would enable the financial institutions to be in a better position to provide more home loans in the coming days which would also bring down interest rates. And this will offer a new life to the real estate and allied sector. Hard Time for Realty, allied sectors.
