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How will be the banning of 500 and 1000 rupees notes will have impact on real estate and Construction industry in India?
I am wondering about how the recent banning of 500 and 1000 rupees notes will affect the real estate and construction industry in India. Can you tell me more about that?
The banning of 500 and 1000 rupees notes is expected to have a significant impact on the real estate and construction industry in India. Many transactions in these industries are conducted using cash and these high-value notes were commonly used. With the ban in place, there may be a slowdown in the industry at first until new methods of payment are put in place.