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Realty loans worth $15 billion under stress: Report

Loans worth $10-15 billion, or 15-20% of the total advances of about $70 billion, made to the real estate sector by banks and non-banking financial companies (NBFC) are under stress due to high debt and weak sales, says a report from brokerage firm CLSA. Builders have been under pressure over the last few years as sluggish sales have impacted their cash flow, leading to an overhang of inventory and subsequent inability to service loans. This, coupled with the regulatory demands of RERA, has led to many developers, especially in the unorganized segment, filing for bankruptcy. Banks and housing finance […]

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