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Even as the sector was positive on its prospects in 2018, it didn’t witness any vital improvement in demand and gross sales because the year glided by. On top of it, one other disaster came to hunt the sector. Lending to the actual estate market has now entered a difficult phase. From cautious lending by NBFCs and housing finance companies (HFCs) some years again to the present conundrum, funding to the sector has almost come down to a trickle from the 2 sources,” said Ramesh Nair, chief government officer and country head, JLL India, an actual estate consultancy firm.

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