No Cash For Curry


Demonetisation has severely hit the sentiments of the real estate sector. People and experts both are expecting steep price cuts as correction. But things seem to be shaping up otherwise



Journalist with more than 15 years of experience. He has worked as a Special Correspondent in The Sunday Indian and as Assistant Editor in NewsBench

No deals are happening. We have a large inventory of unsold flats. The propensity of people for buying flats has substantially decreased,” says Raushan Prakash, a mid-level builder in the Noida region of NCR and Director of NewTech Group while talking to Parliamentarian magazine.

“The number of queries has substantially gone down, as people are now in the wait-and-watch mode after the Modi government scrapped high-value notes.” he further said.Though all sectors of the economy have been severely affected, but the real estate sector has been the worst hit, since the proportion of cash in the economy is proportionately higher in this sector.

Future Tense

So how will this policy of demonetisationaffect the real estate sector? Will the prices of flats go down? Should they wait for some more time, as a course correction may be imminent? The answers, unfortunately, are not simple,nor easy.And it may not also appease those sitting in the government.

Though most real estate observers admit that the policy of demonetisation has slapped the sector, opinions about the extent of the impact is largely divided. The impact, in fact, can be actually more damaging than anticipated.



Crisis of Justice

A senior Supreme Court lawyer, in a casual conversation nearly a month after the unprecedented press conference on January 12, 2018 by Supreme Court J...


ANGST Under Black Robes

Created by the British, India’s judiciary is over two centuries old, with several High Courts being born in 1861, the antecedents going back to an e...


Expensive Expansion

Chief Justice Earl Warren of the US Supreme Court at the end of his career (1969) was asked, “What was the most important case of your tenure?” He...


Cloak Dagger and Connivance

The Noida double murder case of Arushi Talwar and her family s in-house domestic help, Hemraj, refers to the unsolved murders of the 14- year-old girl...


“Judiciary? BJP just wants to saffronise everything!”

At this point, there are two issues. I know you would not want to talk about the press conference (by the four top judges). All that is over now. What...


The Overburdened Prime Minister

Maximum governance, minimum government had been the political slogan of Prime Minister Narendra Modi when he took office in the last week of May in 20...


India’s ‘Spiel-berg’

Two crucial things are likely to happen over the next few weeks. At least, in terms of economic decisions, and future projections. Arun Jaitley, finan...


Sarvanash Bharat Abhiyan

United Nations Special Rapporteur Leo Heller has criticised India’s water and sanitation policies and said its implementation lacks a clear and holi...