Diamond Slump Hurts Surat's Real Estate Sector

Imagine a city where many people make money by selling diamonds.

Recently, the diamond business has slowed down.

This is making it harder for people in the real estate business, like builders who construct apartments, to sell their properties.

Fewer new building projects are being approved.

Because the diamond business is down, people are not as eager to buy new homes.

Although some parts of the market are still active, the overall trend is downward, showing that the diamond industry plays a huge role in the city's economy.