Increased organised funding in Indian realty - 2019
Bank funding to developers is up by 6.3% over the previous year.
Published Date: Oct 16, 2018
Updated Date: Mar 27, 2024
Indian real estate is observing increased funding from the organised sector, revealed recent data from the Reserve Bank of India (RBI). Markets where developers are becoming more transparent and the Real Estate Regulatory Authority (RERA) has stabilised are benefitting the most.
Data from RBI disclosed that bank funding to developers is up by 6.3% over the previous year, with outstanding loans to the sector at Rs 1,87,200 crore at the end of August 31, 2018.
According to bankers and developers, with RERA slowly turning in favor of the sector the quantum of money flowing into realty is set to increase.
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