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?
Could you give me more details on how this slowdown will happen?
Certainly. Firstly, it is expected that demand for properties will reduce as people will have less cash to spend. Those who were planning on buying property will be more cautious and wait to see how the market reacts to the new policies. This will cause a temporary slowdown in the real estate industry. Additionally, the construction industry will be affected as its working capital is mostly in cash.