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Property Sales At 6 Year Low Post Demonetization

Property Sales At 6 Year Low Post Demonetization

Thursday, January 12, 2017, 12:53 PM

A report from real estate consultant Knight Frank says, scrapping of INR 500 and 1000 Rupee have pushed the property market down, with home sales falling to the lowest in six years. Property Sales volume in the top eight cities in India, including Bengaluru, dropped by 44 % to 40,940 units, which is the lowest quarterly level since 2010.
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