Anuj Puri, Chairman – ANAROCK Property Consultants Pvt. Ltd.
Did demonetisation erase black money in real estate?
Just a couple of months ago, demonetisation appeared to have taken all the remaining steam of our Indian real estate’s sails.
Sales in the significantly cash-driven resale homes market nosedived and prices in this segment declined by as much as 20-25%. They were already trailing primary sales prices by 25-30% in the investor-driven residential corridors before demonetisation.