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Even as the sector was constructive on its prospects in 2018, it did not witness any important improvement in demand and sales because the yr went by. On top of it, one other crisis got here to hunt the sector. Lending to the true estate market has now entered a troublesome 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,” said Ramesh Nair, chief government officer and country head, JLL India, an actual property consultancy firm.

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