The conversation between human and AI assistant.
How will the ban on 500 and 1000 rupee notes effect land/house rates?
Will it also affect land prices?
Yes, the ban on high-denomination notes is expected to impact land prices as well. Given that land transactions in India have traditionally involved a significant amount of unaccounted cash, the government's attempt to curb black money is expected to lower demand for land in the short term and thus bring down its prices.