> Artificially inflated real-estate prices will come down as there is reduced black money in circulation. So a regular family will be able to afford purchase of

> Artificially inflated real-estate prices will come down as there is reduced black money in circulation. So a regular family will be able to afford purchase of land/house. Before this, for example, if someone is selling a property they would want more than 60% of property value in cash so the seller can avoid paying taxes on the 60% amount. No regular person will be able to pay 60% in cash, so they can't afford buying real-estate. You're being naive. Giving bureaucracies unhindered power to create a magical wonderland has never worked, much less so in a anarchic society like India (it's also deeply against personal freedoms). If you study history, everyone and their mother was egging on Indira Gandhi at the outset of the Emergency, using very similar arguments (Indian Express uses them now in nostalgia, but that's a different affair). What did it lead to ? The License Raj that's what. There is nothing stopping people from switching to BTC or other crypto-currencies (XAU and BTC can be exchanged pseudo-anonymously).