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Even as the sector was positive on its prospects in 2018, it didn’t witness any important improvement in demand and gross sales because the yr went by. On high of it, another disaster came to hunt the sector. Lending to the true property market has now entered a troublesome section. From cautious lending by NBFCs and housing finance companies (HFCs) some years back to the present conundrum, funding to the sector has nearly come all the way down to a trickle from the two sources,†said Ramesh Nair, chief government officer and country head, JLL India, an actual estate consultancy firm.
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