The conversation between human and AI assistant.
How does demonetization of the 500 and 1000 notes bring down the real estate price?
Can you tell me how the demonetization of 500 and 1000 rupee notes brings down the real estate prices?
Sure! When demonetization happens, people who hold black money and illicit cash are more likely to face difficulties. In India, real estate has been a popular mode of parking black money. With demonetization, individuals who hold black money will be put under scrutiny, and this could lead to a reduction in the demand for real estate, ultimately leading to a fall in prices.