Source:http://www.livemint.com Most developers rely on banks for funds, and are bearing the brunt of RBI’s directive to curb lending to the sector Mumbai: The Indian real estate industry, until recently a booming business, is now struggling for financing from banks, a continued fallout from the Reserve Bank of India’s directive to clamp lending to the sector. Most of [...]

Source: http://www.business-standard.com/india/storypage.php?autono=336578 At a time when the country’s real estate builders are reeling from a severe cash crunch, MetroCorp, a Bangalore-based realtor, is close to raising $300 million (about Rs 1,400 crore) from leading global financial institutions, including Prudential Corporation Asia and Warburg Pincus. MetroCorp, a three-year-old real estate developer, has three projects under execution, and has [...]

The current global financial crisis might have cast a shadow on the Indian property market, but the country’s real estate sector witnessed an inflow of about $6 billion (Rs 26,900 crore) from global private equity players during the last one year. According to a report by global realty consultant Cushman & Wakefield (C&W), PE funds struck [...]