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Even because the sector was constructive on its prospects in 2018, it did not witness any significant enchancment in demand and sales because the year glided by. On top of it, one other crisis got here to hunt the sector. Lending to the actual estate market has now entered a difficult part. From cautious lending by NBFCs and housing finance firms Real Estate Wholesaling (HFCs) some years again to the present conundrum, funding to the sector has virtually come all the way down to a trickle from the 2 sources,†stated Ramesh Nair, chief executive officer and nation head, JLL India, an actual property consultancy agency.
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