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Financial crisis hits India's funds-thirsty realty sector

                   
indiaenews.com
12-Oct-2008
        
Story Timeline:  52 days

By Anuradha Shukla. Delhi, India, 03:03 PM IST India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global financial tsunami. 'This is a really hard time for developers,' said Rohtas Goel, chairman and managing director of leading real estate firm Omaxe. 'On one hand, sales are dropping because of rising home loans and on the other, developers are facing a credit crunch, which is halting many projects,' Goel told IANS. What has also added to the problem, according to Anuj Puri, chairman and country head of real estate consultancy Jones Lang La Salle Meghraj, is the Reserve Bank of India (RBI) restriction on Indian banks from financing real estate companies. 'Real... [read full story]                    

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Latest article on this story:

Reality check as property market slumps in India - Feature

 earthtimes.org 14-Oct-2008
First article on this story:

Financial crisis hits India's funds-thirsty realty sector

 newstrackindia.com 12-Oct-2008
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Reality check as property market slumps in India - Feature

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India’s funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global...

                   

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bombaynews.net
12-Oct-2008
        

India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global...

                   

Financial crisis hits India

indiasnews.net
12-Oct-2008
        

India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global...

                   

Financial crisis hits India

newdelhinews.net
12-Oct-2008
        

India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global...

                   

Financial crisis hits India's funds-thirsty realty sector

newstrackindia.com
12-Oct-2008
        

New Delhi, Oct 12 (IANS) India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected...