Debt rate will create pressure on Real estate
The repayment of loans due to the bankers will create an enormous pressure to the real estate industry. This March 2012 will be an assessment time for the bankers for the outstanding loans.
Previously different bankers restructured the loan amount and deferred the repayment schedule. However the situation in 2012 is completely different.
During last few years both the builders and the customers borrowed loans at a very high interest rate. And the builders constructed apartments almost every possible areas.
Now the scenario is there is a huge stock of unsold apartments in various locations where city life is yet to take off.
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Source The Economic Times
Apartments in India, Bankers and real estate, Debts in Real Estate, Interest rate in eal estate, Property Market in India, Real Estate market in india, unsold apartments
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