The New York TimesPosted by: jhon | Posted on: January 28, 2022
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Even because the sector was optimistic on its prospects in 2018, it did not witness any important improvement in demand and sales because the yr glided by. On prime of it, another crisis got here to hunt the sector. Lending to the true estate market has now entered a difficult phase. From cautious lending by NBFCs and housing finance firms (HFCs) some years again to the present conundrum, funding to the sector has nearly come down to a trickle from the 2 sources,â€ stated Ramesh Nair, chief govt officer and country head, JLL India, a real property consultancy firm.