By Accommodation Times Bureau Housing credit growth moderated to 16% in 2016-17 as against 19% in 2015-16, the affordable housing segment holds promise, according to rating agency ICRA report.The report said that lowering of interest rates and various government initiatives —Prime Minister Awas Yojana (PMAY), according infrastructure status, to boost affordable
Accommodation Times Bureau According to the ICRA's report on Union Budget's impact on Real Estate Sector, following are the key points of the result of the anlaysis. · Infrastructure status for affordable housing would enable developers to access wider pool of financing at lower cost · With various incentives announced for
ICRA has revised the long term rating for the Rs. 8 crore term loan facility of Prithvi Developers (PD)from[ICRA]B+ (pronounced ICRA B plus) to [ICRA]D (pronounced ICRA D). The revision in the ratings takes into account the recent delays observed in timely servicing of debt obligations by the company.
ICRA has reaffirmed the long term rating outstanding on the Rs. 700 crore Non Convertible Debenture (NCD) programme of Tata Housing Development Company Limited (THDCL) at [ICRA]AA (pronounced as ICRA double A)2. ICRA has also assigned a long term rating of [ICRA]AA to the Rs. 400 crore fresh NCD programme
According to ICRA,the banking sector’s credit exposure to the roads sector in August 2016 stood at Rs. 1.8 trn, growing at a CAGR of 14% over the last five years. Fresh loan disbursements to road developers slowed down In contrast to posting 20%+ growth for several years till FY2014, the deployment of credit by
By Accommodation Times News Service Cement production registered a slow growth of 4.6% during April-July 2016; however this was higher than the 1.4% growth in production during April-July last year Demand for cement is expected to increase at 6% in the current financial year, against 4.6% during the last financial year, which