Property Sales At 6-Year Low After Notes Ban, Resilient Bengaluru Also Hit: Report

Notes ban pushed realty market to complete standstill, says Knight Frank The property consultant says sales volume in top eight cities fell 44% Developers refrained from new launches, buyers were cautious, it adds

NDTV Profit Desk

11 Jan 2017, 07:19 PM IST

Notes ban resulted in revenue loss of over Rs 22,000 crore to realty across top cities, the report said.

Demonetisation took a big toll on the property market last year with home sales falling to lowest in six years, says a report from real estate consultant Knight Frank.

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Property Sales At 6-Year Low After Notes Ban, Resilient Bengaluru Also Hit: Report

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Property Sales At 6-Year Low After Notes Ban, Resilient Bengaluru Also Hit: Report

Notes ban pushed realty market to complete standstill, says Knight Frank The property consultant says sales volume in top eight cities fell 44% Developers refrained from new launches, buyers were cautious, it adds

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