bank lending to real estate
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] Continue Reading »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
The finance ministry is to meet chief executives of leading banks to discuss credit flow to the real estate and housing sectors. D K Mittal, secretary of financial services, will chair the meeting of bankers, which will record stock of credit flow to the sensitive sectors. A committee of bankers had been set up to [...] Continue Reading »
