Property prices are often under-reported to save on stamp duty and capital gains tax, and the part above the circle rate is paid in cash. Here’s what some experts say about the effect of demonetisation:
DHRUV AGARWALA, chief executive officer and Co-Founder, PropTiger.com
Demonetisation has clearly affected the realty sector. There is a sudden fall in transactions across the country. In both primary and secondary markets, there will be some downturn. But the quantum is not accessible as of now. It will definitely impact property prices, but it will be more in the luxury segment where there is a wider gap between the circle rate and the market rate.
