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Even because the sector was optimistic on its prospects in 2018, it didn’t witness any important enchancment in demand and gross sales as the year went by. On high of it, another crisis came to hunt the sector. Lending to the real estate market has now entered a difficult phase. From cautious lending by NBFCs and housing finance corporations Real Estate Developer (HFCs) some years again to the current conundrum, funding to the sector has virtually come all the way down to a trickle from the 2 sources,” mentioned Ramesh Nair, chief government officer and country head, JLL India, a real estate consultancy firm.