Black money crackdown to impact secondary market
The government’s move to demonetise Rs 500 and Rs 1000 notes is a bold and disruptive move. The suddenness was brilliant. He believes the impact will be felt, if at all, in the secondary property market. There has been a downward pricing in secondary markets in Delhi over the last 3-4 years. Unfortunately, it hasn’t hasn’t had an impact on offtake, he said, adding that even if the prices come down slightly, I don’t see an immediate uptick in the residential sales.
The government’s move to demonetise Rs 500 and Rs 1000 notes is a bold and disruptive move. The suddenness was brilliant. He believes the impact will be felt, if at all, in the secondary property market. There has been a downward pricing in secondary markets in Delhi over the last 3-4 years. Unfortunately, it hasn’t hasn’t had an impact on offtake, he said, adding that even if the prices come down slightly, I don’t see an immediate uptick in the residential sales. 
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