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Good news! Black money in housing deals down 75-80% since DeMo in 2016
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Post demonetization, Indian housing sales have outstripped new supply, reveals ANAROCK Research. Confusion and uncertainty immediately after demonetization notwithstanding, the negative impact has receded after a major market derailment within the first year of its announcement.
Commenting on the same, Anuj Puri, Chairman, ANAROCK Group, said, “A notable impact of the triple whammy of DeMo, RERA, and GST was a significant deceleration in new property launches. ANAROCK data shows that in the
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