Cash payments in real estate post demonetization in India 2023

Published by Sandhya Keelery, Aug 30, 2024

According to a 2023 survey conducted in India, over one in four respondents opted for cash payments falling in the range of 10 to 30 percent of the property value, when purchasing real estate after the demonetization period. Additionally, approximately 18 percent of the respondents made cash payments in the 30 to 50 percent range of the total real estate value.

Cash payments in real estate post demonetization in India as of 2023

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Release date

November 2023

Region

India

Survey time period

as of 2023

Number of respondents

10,861 respondents

Special properties

Demonitisation was announced on November 8, 2016

Method of interview

Online survey

Supplementary notes

Respondents from 363 districts of India participated in the survey.

67 percent of them were males and 33 percent were females.

44 percent of them belonged to tier 1 cities, 32 percent to tier 2 and 24 percent to tier 3, 4, and rural districts. 

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