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What are the effects of demonitization of 500 and 1000 rupees notes on real estate sector?
How did demonetization impact property prices in India?
The demonetization move led to a temporary dip in property prices as the demand fell sharply. However, the impact varied from region to region, and some localities witnessed price corrections of up to 30%. Property experts believe that the move helped weed out the speculative nature of real estate investment and made the sector more transparent.