Note ban to augur well in long run, says DLF Chief Rajeev Talwar

DLF Chief Rajeev Talwar is optimistic about the future of real estate segment. His optimism stems from the need for construction and housing. To spur GDP growth, there is a need for construction, Talwar said.

The government’s demonetisation drive will augur well in the long run, Talwar said, adding, the sales hit in realty sector is a temporary blip. Asserting that sectors such as real estate are long-cycle gap segments, he added a full year assessment is necessary to gauge the impact of note ban rather than making day-to-day observations.

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