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What are the effects of demonitization of 500 and 1000 rupees notes on real estate sector?
Can you tell me about the demonetization of 500 and 1000 rupees notes and how it affected the real estate sector in India?
Demonetization of 500 and 1000 rupees notes in November 2016 affected many industries, including the real estate sector. The move aimed to curb black money, corruption, and terrorism financing. The real estate sector, which is infamous for black money transactions, was hit hard as buyers and sellers struggled to close deals due to the cash crunch.