RIO DE JANEIRO Antonio Donnarumma AC Milan Jersey , Jan. 19 (Xinhua) -- Argentine midfielder Walter Montillo is set to join Chinese Super League club Shandong Luneng from Brazil's Santos, according to local media reports.
Both clubs ended weeks of talks by agreeing in principle to a 7.5 million-euro transfer fee Andrea Conti AC Milan Jersey , Lancenet reported.
An official announcement is expected to be made later this week.
Santos own 50% of Montillo's economic rights, with the remainder held by sports investment groups.
The 29-year-old has made 51 first-team appearances for Santos Andre Silva AC Milan Jersey , having joined the club from Cruzeiro last year.
He has won six caps for Argentina since his international debut in 2011.
Indian Real estate after Demonetization
The real estate sector in the country is far from having a pristine reputation. The sector is plagued with complaints from buyers which accuse it of being unaccountable and lack of transparency.
So since this sector is known to be linked to black money, it comes as no surprise that the sector would feel the brunt of the demonetization exercise undertaken by the government of India. The thought process behind the exercise is to curb the free flow of illegal money in the country鈥檚 economic channels. So overnight the government made two of the high denomination notes in circulation worthless. This made about 80% of the currency in circulation also worthless. There also many restrictions which were placed on how much a person could withdraw from banks. This throw a spanner in the works for many normal citizens.
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The realty sector was already witnessing a slump. Prices were high and the industry was not seeing much traction. With demonetization things took an even bigger nose dive. Cities such as Bangalore were severely affected. There was hardly any money in circulation for basic necessities much less for luxury flats in Bangalore. With many restrictions being placed there was hardly any interest shown towards purchasing properties such as villas and luxury apartments for sale in Bangalore and many other parts of the country.
Sales of plots Alessio Romagnoli AC Milan Jersey , resale homes and luxury properties plummeted during this time. Though real estate was put under enormous pressure in the short term, for the long term a different picture will emerge for the sector. Demonetization might help eliminate the odour of illegal activities plaguing the sector. This will be good for the image of the sector which has taken quite a bit of battering over the years.
The buyers have also benefited from the demonetization. It has put them in a better position in terms of bargaining with the builders. Be it an affordable independent home or a luxury apartments for sale in Bangalore or Chennai Alessandro Guarnone AC Milan Jersey , the buyers who were serious about their purchase would have been in a good bargaining position especially with cash strapped developers. Another development thanks to demonetization is the lowering of interest rate on home loans. Since the banks were overflowing with money because of this effort by the government, they were able to reduce the interest rates they were charging on all kinds of loans. So though demonetization did not do the realty sector good initially Suso Jersey , the buyers did benefit from it. If you had your eyes set on luxury flats in Bangalore demonetization has brought you one step closer to it.
RERA and GST impact on Indian Real estate
Real estate in India has not been performing the way it ought to for the last few years. It has been a period of lows from which it has not been able to recover from. The