The conversation between human and AI assistant.
What will be the effect of banning 500 and 1000 Rs notes on real estate sector in India? Can we expect sharp fall in prices in short/long term?
Do you think this could lead to lower property prices in the short term?
It's possible. The initial shock of the ban may cause a temporary drop in demand, which could lead to lower property prices. However, in the long term, the transparency brought about by this move could attract more institutional investments and lead to a more stable and predictable real estate market.