The conversation between human and AI assistant.
How does demonetization of the 500 and 1000 notes bring down the real estate price?
So was there any impact on the rental market as well?
Yes, the rental market was also affected. With the decrease in demand for real estate, landlords had to reduce rental prices to attract tenants. Additionally, some people who were not able to purchase real estate due to the cash crunch, started opting for rental properties instead, which increased the demand for rentals.