Scrapping Rs 500 & Rs 1000 notes Hits Real Estate Deals | ABN Telugu
Real estate deals have taken a big hit, due to the scrapping of 500 and 1,000 rupees notes. The real deals are usually concluded in black. Onlyre amounts paid for registrations are in white. So it is a loss for both sellers and buyers, who have already amassed certain amounts but cannot save it in banks. The real estate deals in Amaravathi and in some two-tier and three-tier cities face a bleak future. However, a lightening factor is that the prices of land might come down.
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