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Damonitisation and Postponement of CREDAI Property

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As you are aware construction industry is going through a difficult period for a variety of resons, such as high cost of cement and other inputs and some of the provisions in the RERA act like rectificatoin of defects. Then came the announcement of demonetisation on November 8th . Its impact is felt across the board and CREDAI is no exception. More than anything else it had a psychological impact on buyers, adversly affecting sales. Potential stake holders, who include sponsors, banks and prospective customers,are shying away from participation.

In this connection,CREDAI_VSP would endeavour to convert the above mentioned challenges into opportunities and continue its construction activity and take active part in making the government’s important programme of providing houses to all a grand success.

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