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Nearly $38 billion worth of loans to builders are in trouble

Nabanita Dutta

News Editor

Real estate sector is going through a turbulent time. According to the latest reports, $38 billion worth of loans to real estate is in trouble. A consultant report even blamed RERA regulations for many bankruptcies in the sector. Real estate sector is struggling to survive playing by the rules. Initially, these rules were brought in to clean up the sector that was once infamous for becoming the home to ill-growth wealth.