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How would scrapping Rs 500 and 1000 notes affect the real estate sector?
I want to ask your opinion on the recent decision to scrap Rs 500 and Rs 1000 notes. How do you think this will affect the real estate sector?
From my analysis, the real estate market in India, which is heavily dependent on cash transactions, is expected to witness a slowdown, as many stakeholders deal with unaccounted money and might face challenges in executing transactions. Additionally, with most of the high-value transactions now being executed using cheques or online modes, activity in the market could slow down as some buyers and sellers may adopt a wait-and-watch policy.