The purpose of the entire exercise was to clean up the system, and that is how it invariably got connected with real estate. It is high time to tame the wild rumours and uniformed angst about the impact of demonetisation — and other macroeconomic and policy changes in 2016 — on the Indian real estate sector. Let’s have a bird’s eye view of the entire market:Pre-demonetisationThe Indian real estate sector has been facing significant challenges in the past few years in terms of sales and overall growth. Primary market: This is the area that has been overlooked and bundled with the rest of the real estate sector. Real estate developers with transparent business practices have not been affected by demonetisation, and have instead witnessed sales growth.

Source: Indian Express January 13, 2017 21:45 UTC