Mint Insight: Decoding impact of NBFC liquidity crisis on real estate sector
2,608 views · Published 26 October 2018 · 5:56 · Indexed 4 October 2026
Channel: Mint · 2018 · News & Politics
The ongoing crisis in non-banking finance companies (NBFCs) post the IL&FS default is likely to make things even more difficult for developers, say experts. Post the banking system’s freeze on real estate funding due to rising non-performing assets, NBFCs and housing finance companies (HFCs) were the sole source of funds for the cash-strapped developers. Now, however, NBFCs themselves are struggling and their loan disbursals to developers have slowed down significantly. According to S. Srinivasan, Managing Director, Kotak Investment Advisors, the funding to developers will be seriously impacted which will result in a shake-out in the industry segregating the serious players from the non- serious ones. Srinivasan further added that the real estate industry has now become "real" in the literal sense of the term as lot of non- serious players will be washed away. The Mint Insight series takes a deep dive into hot button topics that impact business and economy.
Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
More from this channel
-
2:43
Editors' Discussion: FM defends Budget, says recovery on
-
4:44
The Mint report-14 Jul 2009
-
1:20
Rising sales may help auto firms post better figures
-
3:14
The Mint report-15 July 2009: Finance Ministry, Indian Oil Corporation, Axis Bank
-
1:16
Big book, little man
-
3:10
Editors' Discussion: BJP almost invisible in Lok Sabha
-
4:48
The Mint report - 16 July 2009: NTCP, Real Estate Market, Auto Components Industry
-
3:25
What would Twitter do?