The conversation between human and AI assistant.
How will be the banning of 500 and 1000 rupees notes will have impact on real estate and Construction industry in India?
How do you think this impact will be felt specifically in the real estate industry?
Well, the real estate industry in India has a reputation for being highly cash-based, with many property transactions being conducted in unaccounted-for cash. The banning of 500 and 1000 rupees notes is intended to curtail this type of activity and reduce the amount of black money in the economy. As a result, property prices may experience a drop, which could lead to a slowdown in new construction projects.