Real estate India will gain a boost from the Finance Ministry of India. With the plan to provide bank loans to the real estate players with halted project the Finance Ministry aims to lift them up. Finally real estate has some good news from the Finance Ministry. Reliable sources reveal that the ministry had talks […]
Tag: Indian Banks Association
RBI makes recast of realty loans tougher
November 20, 2008 – 8:06 am
India’s struggling real estate sector is set to come under further pressure in the coming weeks as the Reserve Bank of India (RBI) has made it tougher for banks to ‘restructure’ loans, forcing them to cut house prices or risk being starved of bank funding. Banks often resort to restructuring loans — a practice aimed […]
