New Delhi: As Prime Minister Narendra Modi took a huge decision for demonetization of Rs. 500 and Rs. 1000 currency notes to curb black money, there’s comes a good news for property buyers and a shock for builders, as it has been claimed by the Real Estate brokers that the rates of property in some of the region of Delhi-NCR micromarkets have been declined by 25-35 percent. 

Tarun Bhatia, vice-president of the National Association of Realtors of India, said that, “There is a lot of panic and shock among investors and builders. I see that in next 6-7 months, rates are going to go down. The transactions will be now more close to the circle rates. As of today, the rates have come down by 25% to 30%”.

It has been reported that, previously if a South Delhi’s property rate was listed to Rs 3.25 Crore is now took a drastic down fall upto Rs 2.25 Crore.

Civilians are facing problems by the government’s decisions, and it is being continued till now, as they have to stand in long queues to withdraw money.

10 Things To Know about Hyundai Tucson !

What are micro-ATMs, how they function, and how will they help ease money crunch?

Banks waive levy of ATM charges for all transactions till December 30