Budget 2015: Much need impetus required for Real Estate sector

Considered to be the backbone of the country and second largest employer (after agriculture), the real estate sector is ailing. High interest rates have led to a fall in demand for housing at the retail level and banks have reached their exposure limits on lending to the sector. Capital markets were muted till recently and we are now seeing activity picking up on in that space but not in this sector. This sector which had found the favour of global institutional investors in 2006 to 2010 is no l .. 

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