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Realty bites: Emaar MGF faces heat of slowdown

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  • Published On: November 19, 2008
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The credit crunch has hit the real estate sector hard. On Tuesday India's largest real estate company, DLF said that it was scaling down on projects. Only a day after, on Wednesday, Emaar MGF, which got itself listed this year and would have been among the biggest developers in the country, said the credit freeze is costing it dear.
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