IIFL’s Nirmal Jain Sees No Systemic Risk In India’s ‘Fragile’ Real Estate Sector
Labourers work at a real-estate construction site in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

IIFL’s Nirmal Jain Sees No Systemic Risk In India’s ‘Fragile’ Real Estate Sector

The biggest risks to Indian realty might come from Mumbai, according to Nirmal Jain.The founder and chairman of IIFL Holdings said the sector’s “fragility” was largely due to high-priced pockets in...
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