Anupam Manur, policy analyst with Takshashila, participated in a Q&A session with The Quint concerning the recent demonetisation of 500 and 1000 rupee notes.
With little to no time given to the public to prepare for the change, mass confusion has become the mood of the hour. The Quint decided to ask around and find some answers. The following is an excerpt from the Q&A:
Real Estate and property prices will definitely go down in the coming few months. Since people used to buy land/property using cash and now their possession of cash has greatly reduced, it will reduce the demand for these. If the demand reduces and supply remains the same, the prices will go down. This is in the short run, say for two months or so.
The full article can be found here.