Home Price Rises Slow in India Thanks to Modi’s Cash Ban


Bloomberg.com reports:
New law, tax add to industry woes as sales, launches decline Developers predict recovery in months; analyst sees more pain India's property sector was already battling a , when Prime Minister Narendra Modi's quashed any hope of an imminent revival. Removing 86 percent of cash, at the time a key part of many real-estate transactions, dented sales and new launches of residential projects, which make up 80 percent of the market.
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