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Even as the sector was optimistic on its prospects in 2018, it didn’t witness any important improvement in demand and sales as the year went by. On prime of it, one other disaster came to hunt the sector. Lending to the true property market has now entered a difficult phase. From cautious lending by NBFCs and housing finance companies (HFCs) some years back to the present conundrum, funding to the sector has nearly come right down to a trickle from the 2 sources,” stated Ramesh Nair, chief govt officer and country head, JLL India, an actual estate consultancy agency.
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