Considering the downing scene of realty many Banks has decided to provide extension of financial aid for the various realty companies. According to the sources of www.propertykhazana.com, at a recent meeting of the higher authorities of the banks headed by the Reserve Bank of India large scale groups of realty has been favored for more grants and to be exempted their debts for the coming fiscal periods.
The tight measures of the banks to allow the funds to go into the hands of realty groups and buyers with higher rate of interest and hence it made the slow sell rate of property. It affected not only the residential but also made equal impact on the commercial construction. As per the sources of www.propertykhazana.com earlier funds for the various projects was raised from the different sources of capital market along with the private equity funds. But this slow down and strict behavior of the banks has put all these reliable sources to think twice before lending money to these realty groups.
Gradually the govt. financial organizations like banks also have back their hands from the realty giants to prevent huge debt defaults for the future. All this collective behavior has injured the realty house badly and at the same time it also effected the associated industries like cement, iron and steel whose profit also were deep down by the end of the last fiscal period. So after collecting these data from various sources, govt. has set some measures to remove the anxiety of the Indian realty. For more and latest real estate updates visit www.propertykhazana.com.
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