The conversation between human and AI assistant.
How will the ban on 500 and 1000 rupee notes effect land/house rates?
Yes, I believe it will have an impact on property prices. What do you think?
I agree. One of the immediate impacts of demonetization was a decrease in demand for properties, which led to a correction in prices. The ban on high-value notes also affected liquidity in the market, which further contributed to the decline in property prices.