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Embassy Group, led by chairman Jitendra Virwani, plans to infuse further capital and property into Indiabulls Real Estate Limited , of which it holds the biggest stake. The merger of Embassy’s residential and commercial initiatives with IREL, as soon as accredited by the National Company Law Appellate Tribunal, will create the country’s largest real estate developer. Canada’s new limit on visas for worldwide students will cool the high demand for rental units and slow the speed of rent hikes, but it will not necessarily be an enormous consider solving the country’s housing affordability disaster, observers say.