In this episode of The Wire Business Report, Mitali Mukherjee unpacks the influence of the pandemic on India’s actual property sector. She explains that as business and lives start to slowly emerge from the lockdown, this can be essentially the most essential juncture ever for actual property. The first blow to the sector got here publish demonetization, the place many tasks froze as money provide within the system dried up . The second got here when the bigger NBFCs or Non-Banking Institutions began reeling as a result of dangerous loans, rising funds and never sufficient entry to cash from bigger banks. So, what’s the way forward for an area that has usually been seen in a harsh mild, due to the seemingly cosy coterie between builders, politicians and straightforward cash?
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