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DEMONETISATION NEWS – Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market

• Post demonetisation, Rs 60,000 is the new Rs 1 lakh in Uttar Pradesh real estate market.
• 1 lakh rupees, comprising Rs 1,000 and Rs 500 notes, will be equivalent to Rs 60,000 in real state deals.
• Developers have discovered loopholes in this move sooner than expected.

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