Demonetization is a tool of Government to eliminate the false currency. It is used in very adverse situations. The present study highlights the effect of demonetization in the volatility of equity share prices of ten select real estate companies. Volatility Forecasting helps to investors or players in the capital market to find out the buy and sell signals about shares on the basis of quantity of risk thereon. To measure the volatility the equity share prices of ten real estate companies was selected. Analysis was made with the help of statistical tool like, Mean, S.D. and t-statistics. From the study it found that demonetization does not affect real estate companies except HDIL and Anantraj.

KEY WORDS: Demonetization, Volatility, Equity share prices.