The conversation between human and AI assistant.
How does demonetization of the 500 and 1000 notes bring down the real estate price?
I see. Were there any other factors that contributed to the decrease in real estate prices?
Yes, there were. For one thing, the crackdown on black money also made it more difficult for people to obtain bank financing. This meant that fewer people were able to buy homes, which further decreased demand and led to lower prices. Additionally, the overall economic uncertainty caused by the demonetization led many investors to pull back and wait to see how the situation would unfold.