In this episode of The Wire Business Report, Mitali Mukherjee unpacks the impact of the pandemic on India's real estate sector. She explains that as industry and lives begin to slowly emerge from the lockdown, this may be the most critical juncture ever for real estate. The first blow to the sector came post demonetization, where many projects froze as cash supply in the system dried up . The second came when the larger NBFCs or Non-Banking Institutions started reeling due to bad loans, rising payments and not enough access to money from larger banks. So, what is the future of a space that has often been seen in a harsh light, because of the seemingly cosy coterie between builders, politicians and easy money?
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