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Reforms raised hope for directionless realty industry

Last Updated: Sunday, December 23, 2012, 15:30

After some neglect in the past several years, the realty industry in India finally saw some reforms that had a direct and indirect impact on its fortunes and which led to the some development of the sector in 2012. The prospect of a revival looks brighter once the central bank keeps it promise of cutting interest rates to spur overall growth.