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Indian realty staring at losses of Rs 1 lakh crore, says NAREDCO

Updated : April 09, 2020 05:03 PM IST

Given the projected demand erosion, Hiranandani said that India must take a cue from the United States, Japan and the European Union, and offer an economic stimulus that is 10 percent of the current GDP.
A part of the reason the real estate industry finds itself in the doldrums is that the ongoing economic crisis has been exacerbated by what is turning out to be a labour crisis in construction.
Indian realty staring at losses of Rs 1 lakh crore, says NAREDCO

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