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Experts' Take

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