An emprical study on the impact of demonetization in real estate business with reference to Erode

Abstract

Demonetization is likely to have a minimum impact on the primary market because a large percentage of transactions are driven by home loans with minimal cash component. The sample size was limited up to 260 from real estate owners, bankers, brokers, creditors in Gobichettipalyam, sathiyamangalam, bhavani by using convenient sampling technique. Chi square test has been used. Findings have been given based on the problems faced by the real estate owners. Suggestions have been given based on the findings. Results has been given that most of the lands were not sold after the demonetization, real estate owners faces loses in the real estate industry.