India 9 November 2016: Real estate as a sector is often seen as one of the biggest areas where black money is deployed. Basis the government’s move against black money by making the existing Rs 500 and Rs 1000 notes illegal, please find below the quote from Mr. Dhruv Agarwala, CEO, PropTiger and makaan.com
“Bold move by PM Prime Minister Narendra Modi. In the short term real estate will suffer but in the long run it will make real estate more affordable and bring it within reach of the common person. It will also ultimately go a long way in helping real estate get a clean image.”