Indian election cash call puts strain on construction, real estate


  • World
  • Thursday, 27 Mar 2014

NEW DELHI (Reuters) - As India's mammoth general election approaches, jackhammer drills are quietening down at construction sites and earthmovers and cranes remain parked.

Many of the country's real estate and construction companies - their finances already squeezed by a sharp economic slowdown - are diverting funds from housing and other projects to election campaign contributions. Many projects are stalled, at least temporarily.

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