Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Triggered By Ilfs Default, Nbfc Crisis May Delay Real Estate's Recovery | Business Standard News
Real Estate

Triggered By Ilfs Default, Nbfc Crisis May Delay Real Estate's Recovery | Business Standard News

by business-standard.com posted 8months ago 28 views
Besides the financial sector, the real estate business may also face the heat due to the ongoing crisis in NBFC sector, triggered by IL&FS default. "As on March 2018, NBFC's exposure towards real estate is 7.5 per cent accounting for Rs 1.65 lakh crore," real estate consultant Anarock Capital MD & CEO Shobhit Agarwal told PTI. "Post the banking systems freeze on real estate funding due to rising non-performing assets, NBFCs and HFCs are the sole source of funds for the cash-strapped developers," he said.

In this article