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Rs.8 lakh-cr valuation to be wiped off: PropEquity

Propequity

In the aftermath of demonetisation impact on Indian real estate sector, market value of residential property of Rs 802,874 crore is expected to be wiped off in the next 6-12 months. According to PropEquity research, residential real estate valuation in the top 42 cities in India, sold and unsold, will take a tumble and fall upto 30 per cent from Rs 39,55,044 crore by approx. Rs 802,874 crore to Rs 31,52,170 crore. 

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