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Modi's cash crackdown, new laws hurt India's real estate sector

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Published Mon, Nov 13, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Mumbai

    INDIA'S property sector was already battling a slowdown last year, when Prime Minister Narendra Modi's crackdown on cash quashed any hope of an imminent revival.

    Removing 86 per cent of cash, at the time a key part of many real estate transactions, dented sales and new launches of residential projects, which make up 80 per cent of the market.

    IndiaNarendra Modi

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