Financial system, Finance & Market
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Even as the sector was optimistic on its prospects in 2018, it did not witness any important improvement in demand and sales as the 12 months went by. On prime 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 firms (HFCs) some years back to the current conundrum, funding to the sector has nearly come down to a trickle from the two sources,â€ stated Ramesh Nair, chief executive officer and nation head, JLL India, an actual property consultancy firm.
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