Win-win situation this of Demonetisation
Mar 04 2017 : The Times of India (Pune) Vinit Deo Here's how demonetisation can have a long-term positive effect on the real estate sector One of the objectives behind demonetisation was flushing out and curbing the black money. In the entire two month period of demonetisation, media was abuzz with stories that the real estate industry will crash as the 'social media economists' had made up their mind that the entire industry seems to run on cash! Also, last three months have not shown any signs of prices reducing leave aside crashing.Following are the reasons as to why it will, in fact, have a long term positive effect on the real estate sector. 1 BLACK MONEY & REAL ESTATE: BUSTING THE MYTH In India virtually every industry has a component of cash transactions and real estate was no exception. It is obviously impossible to know the percentage of cash transactions in India as a whole, we can definitely do a quick comparative study