Banks cutting down on lending to real estate sector: Knight Frank
Real estate consulting firm Knight Frank in their latest report entitled ‘Economy & Realty @ Glance’ for August 2012, has stated that banking institutions have cut down on their lending to the Indian real estate sector.
The report says that the waning interest of the banking sector towards commercial real estate lending has been reflected in a decline in the loan exposure growth rate, which has come down from 23.2 per cent in June ’11 to 4 per cent in June ’12.
As of June, 2012, the outstanding bank credit to the real estate sector stood at Rs 5,313 billion. Of this, 78 per cent was given towards the housing loan segment and the remaining 22 per cent was disbursed to real estate developers.
bank lending, Banking sectors, Commercial real estate, housing loan segment, Indian real estate sector, Knight Frank, Knight Frank India, loan exposure growth rate, outstanding bank credit, Real Estate Developers, ‘Economy & Realty @ Glance’
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