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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 sales as the 12 months glided by. On high of it, another disaster came to hunt the sector. Lending to the real property market has now entered a troublesome part. From cautious lending by NBFCs and housing finance firms (HFCs) some years back to the present conundrum, funding to the sector has virtually come down to a trickle from the 2 sources,” said Ramesh Nair, chief executive officer and country head, JLL India, an actual property consultancy agency.

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