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Real Estate Slowdown To Hit Housing Supply & Economy: Niranjan Hiranandani

After meeting Finance Minister Nirmala Sitharaman, Niranjan Hiranandani, President (Nation), NAREDCO and founder and MD of Hiranandani Group, informed that overall economy slowdown and role of real estate industry in slowdown was part of the discussion. Suggestions around rental housing and stressed assets were also put forward. He said slowdown in real estate is going to be consequential in housing supply and employment.