New Sector, New Money
The RBI is trying to
combat inflation by raising interest rates. It is also specifying a higher
risk-weightage for bank loans to the real estate sector. How would this affect
the real estate market? According to bankers’ estimates, about 16% of the
total bank credit goes towards funding the real estate sector. Of this, more
than 82% goes to individual borrowers for home loans. Only a...
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