The recession hit Indian real Estate sector is crawling towards recovery with the return of end users as well as institional investors in the market according to consultancy firm Ernst & Young.
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The real sector is generally looking positive now. Endusers are back in the market. Several developers are announcing new projects. Institutional investors particularly private equity funds are starting to look at projects for investment. ” E&Y Associate Director (Real Estate Practice) Chintan Patel said. The Sector fell into a deep crisis after the Economic meltdown and the return to buoyancy was delayed as prospective buyers chose to wait and watch.
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