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Context: China’s Evergrande issue has highlighted the importance of its real estate sector. India can take a few lessons out of this crisis.
India’s Real estate sector
Priority sector home loans are home loans of up to Rs 35 lakh in metropolitan centres with populations of 1 million-plus. In non-metropolitan centres, they are home loans of up to Rs 28 lakh. It is subject to the condition that the homes being bought should be priced up to Rs 45 lakh and Rs 30 lakh, respectively, in metropolitan and non-metropolitan areas
Lessons from China
By: Shubham Tiwari ProfileResourcesReport error
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