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Set back for real estate as sales already down

Dhiraj

“For the economy, this decision is a highly thought off one considering the short-term effects of demonetisation. But for the real estate sector, it is a setback, as already the sales had dropped significantly and the fraternity was expecting a repo rate cut or a drop in CRR, which would have ultimately benefitted the end-users”

Dhiraj Jain, Director, Mahagun Group

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Related Topics:demonetisation Dhiraj Jain Mahagun Group

We were hoping for relief to lift morale

Cut was expected as funds flow is on rise

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