RBI hike hit real estate firms hard

July 31, 2008 at 9:40 am Leave a comment

Real estate companies see their cost of borrowing going up by one percentage point as the central bank has increased the repo rate by 0.5 per cent and cash reserve ratio by 0.25 per cent.

The rate hike will push up the corporate lending rates. This, in turn, is expected to further strain the balance sheets of realty companies, already reeling under a fund crunch in the wake of slower property sales, higher lending rates, rise in input costs and the central bank’s measures to check traditional sources of funding.

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Entry filed under: Funds-Investments.

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