Shaky real estate sector staring at 65 pc payment default from customers amid lockdown

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Press Trust of India Mumbai
Last Updated : Apr 13 2020 | 6:14 PM IST

Owing to the lockdown that has brought almost all economic activities to a standstill, the already sluggish real estate sector is experiencing 65 per cent payment defaults from customers for underconstruction projects, says Indian Chamber of Commerce (ICC)
"This will in turn prove helpful in protecting employment of the large manpower associated," he added. PTI PSK
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First Published: Apr 13 2020 | 6:14 PM IST

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