>>How do you explain the actual change that has occured in the real estate market then?
What change has happened in the Real estate market? The big builders are continuing to sell their inventories as they were doing before with cheques and RTGS transactions.
People still continue pay bribes to registration offices.
In fact plots around vicinity of Bangalore are still going like hot cakes.
If you are fed up about property rates, then there is going to be no relief there. People are coming to cities for jobs through flood gates, and demand is far higher than supply. Every year one crore babies are born in India, and all of them need homes to stay 20 years from now, this is year after year, every single year.
When the demand is this high, how do you expect prices to not go up?
>>Even if it dents the black economy for 5 years
It didn't anything even for 5 minutes.
Only thing it achieved is slowed economic growth.
>>We'll take more such actions when needed.
Again, who is this 'we'.
>>vast majority of middle class in india earns less than $4 per day.
That's the poor, and they were worse effected. The unorganized sector where these people are largely employed suffered and many jobs were lost.
>>Yup, they were forced to move it from there in 2016. Some moved it to bitcoin, as described in TFA.
Not even fools keep their money in cash, even in the past. People invest money.
Indian economy didn't exactly come magically into existence in 2016. So please...
>>Bullshit. Electrification and economic reforms can happen simultaneously in the world's seventh largest economy.
What change has happened in the Real estate market? The big builders are continuing to sell their inventories as they were doing before with cheques and RTGS transactions.
People still continue pay bribes to registration offices.
In fact plots around vicinity of Bangalore are still going like hot cakes.
If you are fed up about property rates, then there is going to be no relief there. People are coming to cities for jobs through flood gates, and demand is far higher than supply. Every year one crore babies are born in India, and all of them need homes to stay 20 years from now, this is year after year, every single year.
When the demand is this high, how do you expect prices to not go up?
>>Even if it dents the black economy for 5 years
It didn't anything even for 5 minutes.
Only thing it achieved is slowed economic growth.
>>We'll take more such actions when needed.
Again, who is this 'we'.
>>vast majority of middle class in india earns less than $4 per day.
That's the poor, and they were worse effected. The unorganized sector where these people are largely employed suffered and many jobs were lost.
>>Yup, they were forced to move it from there in 2016. Some moved it to bitcoin, as described in TFA.
Not even fools keep their money in cash, even in the past. People invest money.
Indian economy didn't exactly come magically into existence in 2016. So please...
>>Bullshit. Electrification and economic reforms can happen simultaneously in the world's seventh largest economy.
You call these 'economic reforms' :)
Great, carry on.