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Pandemic worsens liquidity woes of India’s realty sector

India covid-19 pandemic crisis
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developers to get construction finance. Banks have set stringent conditions for real estate lending and some non-banking financial companies (NBFCs) are lending selectively.Construction funding is crucial for developers to start projects and for working capital requirements, which amounts to about 50% of the project cost.

Developers, typically, rely heavily on banks and NBFCs for debt. The delay in under-construction residential projects has made it tougher for them to procure funding, particularly for mid-sized and small developers.Besides, builders are also seeking loans at rates that are not feasible now, a senior official at a public sector bank said, seeking anonymity.“Banks have already burnt their fingers in commercial real estate..

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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