The effect of these changes will be visible in near future in the Real Estate market when the white money transactions will increase rather than Black Money transactions, there will be transparency in the dealings with genuine Buyers, Sellers and Agents coming in this trade.
This is also good for Government with respect to revenues generated through Stamp Duty paid by the Buyers on buying and also revenue will increase through TDS deduction on selling. White money transaction means more revenues.
Government should also consider thinking about reducing the Stamp duty imposed on buying and selling. Finance Companies and banks may also think over to reduce the rate of interest on Home Loans. If all this happens, market could be flooded with more buyers to buy the homes. The future of Real Estate buying/ selling is not bad. Only thing is that, it will take some time to adopt this trend of white money transactions in Real Estate sector. But good thing is that, there will be the genuine Buyers, genuine Sellers and the genuine real estate dealers will be in this trade in the future.