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Pre vs. Post DeMo – Black Money Deals Down 75-80%, Housing Sales Outstrip New Supply

In the pre-DeMo period (2013-Q3 2016), approx. 16.15 lakh housing units were launched across the top 7 cities; sales stood at approx. 11.78 lakh units
In post-DeMo Q4 2016-Q3 2021, sales (approx. 10.37 lakh units) outstripped new launches (approx. 9.04 lakh units)
Overall, new launches b/w two periods reduced by over 44%
Black money (or cash transactions) in the housing market has reduced by at least 75-80% since DeMo in late 2016