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Experts' Take

CBRE on Demonetisation


In the recent past, the Government has initiated a number of initiatives for bringing in greater transparency and promoting the ease of doing business. The latest drive has been that of cancelling the legal tender denomination notes of Rs. 500 and Rs. 1,000 with effect from the midnight of November 8. With almost five weeks having passed since the decision, there have been various opinions on the impact that this decision has had and will have on the economy at large and several sectors including real estate market — specifically the residential real estate segment.