Housing sales fall to lowest level in 6 yrs due to note ban
Housing market came to a "complete standstill" during October-December 2016 due to adverse impact of demonetisation as sales plunged 44% in top eight cities, the lowest since 2010, property consultancy firm Knight Frank said. The fall resulted in a ₹22,600 crore revenue loss to builders, it added. Further, the Delhi-NCR market was hit hardest with sales volume dropping by 53%. 