S&P warns rising property prices as credit risk for banks
Standard & Poor’s Rating Services on Monday, July 4, said the surge in real estate prices in some pockets in India could emerge as a credit risk for banks.
Standard & Poor’s Rating Services on Monday, July 4, said the surge in real estate prices in some pockets in India could emerge as a credit risk for banks.
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank.
The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector.
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India has asked all banks to submit an action-taken report on the issue.
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
Isn’t it ironical that real estate developers are getting into the role of the government in providing housing & infrastructure and still getting the flak?
The Indian Property Show opened at Dubai World Trade Center, Hall No.4.
Yash Birla Group has acquired Calcutta-based Aircon Engineering Services for Rs.10 crore, marking its foray in the infrastructure space.
It fair to say that current property development status is very different from previous ones.
India is rapidly urbanizing, not only in form and features but, from within.