No doubt there has been a bit slow movement of realty progress across the nation from last couple of years due to varied reasons. According to the sources of www.propertykhazana.com, one of the most reasons for realty slow down is the lack of availability of funds in the Banks for lending the realty projects. Besides both national and private sector banks have become more cautious about the proposals of bigger projects.
Source of www.propertykhazana.com also reveals that the Banks are asking for more security and higher margin from the realty houses while lending funds for their projects. On a short note with a higher official of State Bank of India, Bangalore Branch revealed that, the bank has no personal issues with any projects but have to be always in the safer zone while lending the fund to a particular organization in order to maintain a healthy balance in the Bank economy.
Almost same response was found from the Managing director of the Hyderabad State Bank. He confess that till date there is no halting of any financial dealing mainly to the realty sector but every step is taken looking deep into the parameter of the organization and the proposed project. Apart from this the hard instruction from the Reserve Bank of India is making the entire banking system to think twice before dealing with any construction related issues, he added. For more updates www.propertykhazana.com
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