Property In India

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Even as the sector was positive on its prospects in 2018, it did not witness any important improvement in demand and gross sales as the 12 months went by. On top of it, one other crisis came to hunt the sector. Lending to the actual estate market has now entered a tough phase. From cautious lending by NBFCs and housing finance companies (HFCs) some years again to the current conundrum, funding to the sector has almost come right down to a trickle from the 2 sources,” said Ramesh Nair, chief executive officer and country head, JLL India, an actual estate consultancy agency.

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