| Sluggish sales, poor performance of the stock on the bourses and difficulty in raising money from banks and private equity (PE) players are forcing many real estate developers to turn to sell their land banks to raise funds to complete their projects.
"A lot of real estate credit is lying unused by the banks and the banks are extremely cautious and selective in lending money to real estate players," Naveen Raheja, chairman and managing director (CMD), Raheja Developers, said..............................................Full Article: Source
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