The conversation between human and AI assistant.
How has the real estate industry been affected in India by the ban of 500/1000 notes?
I was wondering if you could tell me how the real estate industry has been affected in India by the ban of the 500/1000 notes?
Yes, certainly. The real estate industry in India has been significantly affected by the ban of the 500/1000 notes. Many real estate deals in India involve cash payments, and the majority of these transactions involve the use of high-denomination notes. With the sudden ban of these notes, many real estate transactions were delayed or cancelled, resulting in a decline in sales and a drop in prices. Additionally, the number of new projects being started has also decreased as developers struggle to find funding for their projects.