Besides the financial sector, the real estate business may also face the heat due to the ongoing crisis in NBFC sector, triggered by IL&FS default. "As on March 2018, NBFC's exposure towards real estate is 7.5 per cent accounting for Rs 1.65 lakh crore," real estate consultant Anarock Capital MD & CEO Shobhit Agarwal told PTI. "Post the banking systems freeze on real estate funding due to rising non-performing assets, NBFCs and HFCs are the sole source of funds for the cash-strapped developers," he said.