Black money crackdown to impact secondary market: DLF

Ashok Tyagi, Group CFO, DLF said that the government’s move to demonetise Rs 500 and Rs 1000 notes is a bold and disruptive move. The suddenness was brilliant, he said. He believes the impact will be felt, if at all, in the secondary property market.

There has been a downward pricing in secondary markets in Delhi over the last 3-4 years. Unfortunatley, it hasn’t hasn’t had an impact on offtake, he said, adding that even if the prices come down slightly, I don’t see an immediate uptick in the residential sales.Watch video for more...