Predictably, the secondary sales or resale housing market proved far more vulnerable to demonetization than the primary market. This segment, along with luxury housing, historically drew the bulk of 'cash components'.
Tag: Demonetisation And Real Estate In India
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.