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Even because the sector was positive on its prospects in 2018, it did not witness any significant enchancment in demand and gross sales because the 12 months glided by. On high of it, one other crisis got here to hunt the sector. Lending to the true estate market has now entered a troublesome section. From cautious lending by NBFCs and housing finance companies (HFCs) some years again to the present conundrum, funding to the sector has nearly come all the way down to a trickle from the 2 sources,” stated Ramesh Nair, chief govt officer and country head, JLL India, an actual property consultancy agency.

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