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Real estate market has shrunk, but big players are doing well, says Kotak Realty Fund

Some green shoots appear to be visible for the real estate sector after realty major DLF sold 376 ready-to-move-in luxury flats worth Rs 700 crore on the first day of the launch of its new housing project in Gurugram. Even as the overall property market is facing a demand slowdown, DLF has seen good demand. Vikas Chimakurthy, CEO of Kotak Realty Fund and Mohit Soni, associate director of corporate ratings for Fitch Ratings tracked the way forward.
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