Indian developers say ‘negative signal’ on loans to boost costs

“The Reserve Bank’s move to strengthen lending rules may weaken the “liquidity position” of property developers and lead to an increase in mortgage rates,” said Priyankar Bhikshu, Head of India Research at DTZ.

Bank lending to real estate companies rose 38 percent, which accounts for 9.2% of all bank loans as of 28 August 2009.

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