In a step to curb the major issue of black money, Prime Minister Narendra Modi on Tuesday, introduced demonetization of Rs 500 and 1000 currency notes with effect from midnight. The Prime Minister has kept his promise of taking stern measures against black money. We have just witnessed a tremendous step towards increased transparency in the Indian real estate industry. Black money deals are more common on the unorganized market, but this practice has, in fact, been on the decrease with greater awareness on the part of buyers. Before too long, the caricatured version of black money driving Indian real estate is no longer applicable.”© The Indian Express Online Media Pvt Ltd

Source: Indian Express November 08, 2016 17:41 UTC