Published on November 14, 2016

The whole nation is appreciating PM Narendra Modi for scraping old Rs 500 and Rs 1000 notes. This bold step took the nation by surprise and became a nightmare for black money hoarders.

All the industry players have affected by this move, on account of this demand sentiment from buyers have been soft. Recently the real estate industry is waiting to see which tax rate is applied to the real estate and construction industry.

As per the report, Indian paint market is expected to reach 49,545 INR Crs by 2016-17, decorative market will continue to grow and would have higher share compared to industrial paints.

Presently with the demonetization of currency real estate and all other market have been down and all the buyers are busy in buying necessary things as the buying power has been limited, which has resulted in plunge in the demand of coating sector. The paint sector is highly linked with the real estate market, if real estate demand will grow demand paints also will up.

Recently all the buyers have adopted wait and observing stance in the uncertain market, while market players are preparing themselves to come up with the innovative marketing strategy.

Some market players have said that as the marriage season is on and in near term all the industry players will settle down after this big move then Indian paint and coating world also will take positive move.