India 9 November 2016: The quote from Mr. Ashish Sarin, CEO,Alpha Corp on the discontinuation of Rs 1000 and Rs 500 notes and its resultant impact on the real estate sector
Commenting on the development, Mr. Ashish Sarin, CEO, Alpha Corp said, “There is a widespread corruption in the system and the government had to take stern measures to weed out corruption from the grassroots level. Hon’ble Prime Minister’s Narendra Modi move along with bringing transparency in the sector would also be instrumental in easing up the approval process. Demonetisation of Rs 1,000 and Rs 500 notes would be instrumental in eradicating black money out from the transactions and will strengthen the banking channel as monies will get in to the banking system. The move however would impact the unorganised real estate players and the market will see correction in the short run but in the longer run it will benefit the overall real estate sector.”
“I would like to state that Alpha Corp would not be impacted by this move because we have been operating on 100% legit money.” Added Mr.Sarin
About ALPHA CORP:
Alpha Corp has built an unmatched legacy since inception in 2003 with landmark projects across five cities in north India. Its value-driven and customer-centric approach is matched by transparent systems and processes that stand up to highest standards of accountability. Trust and integrity form the core of company’s ideology.
Leveraging its experience in product design, development capabilities and capital management strategies, Alpha Corp has developed a diversified business portfolio of integrated townships, condominiums, corporate offices, retail city centres and industrial parks across NCR, Punjab, Uttar Pradesh and Gujarat.
Subsidiary company Alpha Management Services was established in 2006 to ensure maintenance of properties of key customers spread across various verticals covering premium residential complexes, corporate office buildings, shopping malls, super-speciality hospitals and integrated townships. These services not only help to constantly enhance the valuation and life of a property but also ensure day-to-day optimum cost efficiencies.
For more information, visit www.alpha-corp.com