Home launches nosedive by 40% in Q4: PropEquity Study
News Point: Housing demand across key cities declined by 31%;…
News Point: Housing demand across key cities declined by 31%;…
News Point: The Reserve Bank of India (RBI) has maintained…
News Point: The RBI Governor’s concern with rising crude prices,…
Bottom Line: It is ironic that Mumbai that is home…
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Today, the world sees India as a land of opportunity for business and investment. RBI head Raghuram Rajan said in mid-September that while fellow BRICs have deep problems, India appears to be an island of relative calm in an ocean of turmoil.
“How long can a sector survive which is borrowing at 48 per cent from private lenders to serve the interest of previous debt raised at much lower rate,” asks a banker. His concern is not without valid reasons. Developers experimented with all funding options but still many of them are now being forced to seek other sources of funding which not only comes at a significantly higher cost but also where the source of fund is unregulated.
When Roshan Abbas, a property broker operating out of Mira Road of Western Suburb, claimed that the region would be the catalyst of housing revival in the Mumbai Metropolitan Region (MMR), many thought this to be claims of a broker glorifying his catchment area. Some of the critics even dismissed it as another marketing stunt on the eve of the festive season of Navratra.