Voted for you . Good luck ! <| sep |> Yea , there is still money to be made out of land . The only thing the govt . did was remove the black money , i . e . money paid over and above the circle rates but quoted lower in order to save tax . No . the govt . , just took a huge dump on real estate . It is like this . Pre Nov 8 th , let us say an apartment in Mumbai is worth 2 crores . You are an investor . you took a loan of 2 crores and bought the apartment . You were hoping to flip it in a few months and make perhaps 20 lakhs profit . Now . purely because of govt ' s illadvised and quixotic demonitization , your 2 crore apartment is already probably only worth 1 . 8 crores . if you even manage to find a buyer . Few months from now , it may go to 1 . 5 crores . So instead of your 20 lakh profit , you ' re left holding your dick and 50 lakh in the hole . In the meanwhile , you still owe the bank 2 crores with interest . This is similar to what happened in the US albeit for different reasons and it was a downwards spiral from there . In the US however , people had the option of declaring bankruptcy and walking away from an upside down situation which eventually took the banks and Wall St down . I have no clue what the bankruptcy laws in India are . and any which way you look at it , it will not be a pleasant experience . The builders on the other hand are shitting too . I have no clue how it will play out , but I don ' t think it will be pleasant either . Mango people however , seem to be elated that the ' corrupt builder lobby ' is being punished ! They won ' t be laughing when the ' corrupt builder lobby ' will take the economy down with them when they go down . Now , let ' s come back to you . You were hoping to be a real estate entrepreneur . The govt . , just took a big dump on you for no good reason . Now , you ' re once bitten and thrice shy . You take whatever capital you have left and go elsewhere . Or at the very least , you just hoard it and decide to wait it out . Your family , your friends see what happened to you and they also follow suit . Chilling effect hits economy . People too scared to invest . Buyers in real estate keep waiting for the bottom . It took an economic and geopolitical powerhouse like the US 24 years and a doubling of its national debt to recover from it . Wonder how long it will take India if shit hits the fan . The more I think of it , the more sick I get in the stomach . I pray that Modi has something else up his sleeve to fix all this somehow . I ' ll happily eat my words then . Until then , I ' m worried that people are not more worried .