The Mumbai-based real estate developer will acquire this property in Ashok Vihar from the Railway Land Development Authority for 1,359 crores.Read More
Of the total real estate loan of USD 93 bn, NCR, MMR and Bangalore together account for a whopping 80% share (USD 74 bn). Of the overall loan amount extended to real estate, USD 14 bn (or 16%) is under ‘severe’ stress while nearly 62% (approx. USD 58 bn) is completely stress-free. The remaining 22% or USD 21 bn loan amount is under pressure but can potentially be resolved.