The sudden shock of the currency ban and an unexpected election result in the US caused markets to open 6% down on 9 November. As an aside, real estate is going to remain comatose for some more time, so don’t rush into buying just yet. But remember, all this is assumption; we need to discount the ingenuity of the Indian chartered accountant to turn black to white.”What about real estate? Real estate prices in India have been high due to the graft at every level—from land acquisition to construction. The current yield (annual rent divided by market price) on real estate is about 2-2.5%.

Source: Mint November 10, 2016 11:59 UTC