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Construction, Real Estate Projects Increase In December Quarter Despite Note Ban

Construction, Real Estate Projects Increase In December Quarter Despite Note Ban

Tuesday, January 10, 2017, 12:26 PM

Because of extensive use of cash in real estate transactions, it was expected that the sector would bear the brunt of the currency scrapping exercise. But CMIE data shows that the construction and realty sector, has performed better than most other sectors in the December quarter. The sector witnessed INR 8986.38 crores, worth of new projects during this quarter.
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