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Clues by NC Team • 7 Aug 2019, Wednesday

Real estate sector is passing through 'tough times' because of liquidity crunch and solution has been found to address the issue, HDFC Managing Director Renu Sood Karnad said. However, addressing realtors' body CREDAI conference here, she said it is a 'passing phase' and the sector will only improve from the current cycle of low growth. She pointed out that developers have been facing cash crunch following the liquidity crisis in non-banking finance companies (NBFC) sector.

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