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Will demonetization have an effect on land prices? - Property hotline
Posted
November 16, 2016
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November 16, 2016
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2:41Now PlayingExpert: Ashutosh Limaye, Head, Research & REIS at JLL India
Question: I bought a property recently for investment gain in Bengaluru. With the demonetisation, do you think there will be a big crash in land prices in Bengaluru?
Answer: Land prices will have a higher impact over demonetisation. In the next few months, land transactions will witness a sharp fall as people will not sell below a certain rate. Ideally, land prices will come down. It is advisable to hold the property until the market is settled down.
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