The conversation between human and AI assistant.
What will be the effect of banning 500 and 1000 Rs notes on real estate sector in India? Can we expect sharp fall in prices in short/long term?
What are the long-term effects of these measures?
In the long term, the measures taken by the government could bring more investments into the real estate sector, as greater transparency makes it easier for institutional investors to appraise a property’s value. It could also lead to lower interest rates and housing loans becoming more affordable for buyers. Over time, these changes could lead to a stable, organised and profitable real estate market in India.