NBFC crisis brings more bad tidings for real estate in 20183 min read . Updated: 26 Dec 2018, 01:50 PM IST
There were some green shoots at the beginning of 2018 for the real estate industry, but they wilted away later in the year as the NBFC crisis led to drying up of the only funding source for the sector
The real estate sector has been down and out for about five years, with the last two years being particularly bad on the back of demonetisation and implementation of Real estate (regulation and development) Act (RERA) 2016 and goods and services tax (GST). So, at the beginning of 2018, the sector clutched on hope, though tentatively, that the worst was behind and things would only improve from thereon.
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