Economy 3 years of demonetisation: How has it fared for realty sector? Updated : November 08, 2019 10:46 AM IST DeMo coincided with a time period when the housing sector, which was then reeling under slow sales and increasing inventory overhang for around three years, was looking up to some form of recovery. However, with demonetisation, the real estate sector was inflicted with a major disruption, which further postponed its recovery process. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.