Plot prices to come down, property buyers may find good bargains

But end-users should become more wary of buying from smaller developers

The government’s move to curb black money by removing old Rs 500 and Rs 1,000 notes from circulation is expected to have a negative impact on prices in the real estate sector, and many potential buyers may find good bargains in the secondary market.

In the primary market, the level of correction may not be high. “This market, which is driven by large developers, is unlikely to get affected that much as most large and reputed developers already do not deal in cash,” says Anshul Jain, managing director, India, Cushman and Wakefield. Smaller, unlisted developers may face liquidity concerns. “The