NBFC liquidity crisis set to worsen real estate sector woes2 min read . Updated: 22 Oct 2018, 04:57 AM IST
The sudden and sharp drop in share prices of real estate stocks, following the NBFC and banking sector meltdown is not surprising
The Reserve Bank of India (RBI) data released last week showed that housing as an asset class is not doing too well. For the April-June quarter (Q2 2018), the average pan-India housing price grew at 5.3% year-on-year (y-o-y), compared to 8.7% in the year-ago period, and 6.7% in Q1 2018.
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