[drl42]

The government has become pretty smart - their standard rates have increased quite a bit (since they lose tax revenue) Secondly, I don't think people are going to touch the old notes - just too much risk involved.

Infact, I would speculate that since a lot of black money is now worthless, we might see rates go down, especially for new constructions

[udkl]

I second this comment. Real estate in tier-1 India cities is fueled by black money. Now with people not having black money to invest in the market, I'm expecting to see the trend go downwards.