Property prices may crash
People who are hoping to purchase a property any time soon shouldn’t worry about price rise for now. While the rest of the country rejoices and welcomes the Modi government, Shailesh Singh who is a Delhi based executive seems to be very worried. He has been looking for an apartment in the NCR region of [...] Continue Reading »
Despite the upcoming election verdict on May 16, not all asset classes have been bullish in anticipation. The stocks may have been up for the past few months, but the secondary market isn’t responding similarly. Prices of tens of thousands of homes in metros have crashed by as much as 20-30% this last year. This [...] Continue Reading »
The Loan scam could have a short-term adverse impact on the real estate sector. Banks that have exposure to real estate are stepping up their due diligence. Such scrutiny may tighten realty firms’ liquidity positions as banks may go slow on loan sanctions. Though some realtors dismiss the problem as a minor aberration, there are [...] Continue Reading »
Loan scam to hit realty companies as bankers turn cautious in sanctioning fresh loans. The arrest of eight finance executives by the Central Bureau of Investigation on Wednesday on charges of taking bribes to sanction loans does not lead to a systemic risk but bankers turn cautious in sanctioning fresh loans for new property, forcing [...] Continue Reading »
