Liquidity increases, borrowing cost going down for realtors
As the market witnesses improving liquidity, the borrowing costs for real estate companies are going down. The less borrowing cost would mean an improved balance sheet.
Although the change may not be seen clearly as yet. In markets like Gurgaon, there has been a lack of launches and a construction ban because of the water shortage while 40 projects are still awaiting final approval. Markets like Bangalore has seen some amount of pickup.
Analysts are of the opinion that now because of interest rates are coming off, mortgage rates have started to dip a little bit. Therefor, it will help in terms of liquidity for the entire sector and thereby improve the final borrowing cost or reduce the borrowing cost for many of the companies.
To read more real estate news:
EWS flats lying vacant in Chandigarh
Bangalore, Bangalore Property, Borrowing costs, borrowing costs for real estate companies, Gurgaon, Indian real estate, Interest rates, liquidity in market, Mortgage rates, Real Estate Companies
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