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