Realtors see no rush as cash at play is a small amount now The Economic Times
The Reserve Bank of India's decision to phase out the Rs 2,000 currency bill could potentially have a moderate impact on high-value property transactions, say experts.
However, it is unlikely that sales momentum will be significantly affected solely due to this change, as many developers are already inclined to avoid transactions involving substantial cash components.
Land transactions, especially in small towns and peripheral areas of large cities, may witness some uptick, as suggested by a marginal rise in enquiries for the same so far, the experts said.
