10.10.2011 - India: Real estate needs realistic expectations
The real estate sector is facing serious challenges in fund-raising, with limited options at this critical juncture. Serious beating down of stocks by the market precludes fund-raise through public issues. Many developers have en masse restructured their loans in 2009, precluding another round of restructuring now. The increasing interest rate and volatile economic outlook has started dampening housing demand, making banks and non-banking financial companies (NBFCs) wary of fresh lending to the sector..............................................Full Article: Source
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