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There was no study to gauge demonetisation impact on real estate: Govt

No such study has been carried out by the Ministry of Housing and Urban Affairs

Press Trust of India  |  New Delhi 

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The Housing and Urban Affairs Ministry has not carried out any study to ascertain whether brought down realty prices, the was informed on Thursday. In a written reply, Union minister Hardeep Singh said that there was also no study to find out whether the launch of new projects dipped after the announcement of To a query whether it is a fact that high currency had helped in reducing by 5-10 per cent, Puri said, "No such study has been carried out by the Ministry of Housing and Urban Affairs." The comments assume significance in the backdrop of media reports stating that the witnessed a drop in prices by 5-10 per cent post- It was also reported that launch of new projects since January has been less across top 10 cities including Noida, Pune, Mumbai, Chennai, Hyderabad, Bengaluru and Ahmedabad. To another query, Puri said there was a dip in Delhi Metro ridership in October which could not be solely attributed to increases in fares but depends on multiple factors like vacation, season and festivals.

First Published: Thu, December 21 2017. 18:28 IST