The market for construction equipment is forecasted to dip in 2019 but follow an upward trend thereafter during 2020-2023, says SAMIR BANSAL.
Off-Highway Research forecasts that the market for construction equipment will dip in 2019 but follow an upward trend thereafter during 2020-2023, says SAMIR BANSAL.
Over 62 per cent or approximately USD 58 billion of the total loan advances (USD 93 bn) to Indian real estate by banks and NBFCs/HFCs is currently completely stress-free, reveals a study by ANAROCK Capital. Another 22 per cent (approximately USD 21 billion) is under some pressure but can potentially be resolved. In fact, the stress on this segment is largely on recovery of interest and not on principal amount.
Considering banks have turned completely averse to funding real estate or infrastructure (ICICI has shut down its project finance division that funded infrastructure), the announcement of a Rs 250 billion fund is a lifeline.
Finance Minister Nirmala Sitharaman announced financial support of Rs.200 billion for about 0.35 million incomplete housing projects (non-NPA and non-NCLT) in the affordable and middle-income segment.
The economy received a shot in the arm, as contrary to its perceived stance the Government swung right.
Finance Minister Nirmala Sitharaman announced financial support of Rs 200 billion for about 0.35 million incomplete housing projects (non-NPA and non-NCLT) in the affordable and middle-income segment.
Smaller non-banking finance companies (NBFCs), which include housing finance companies (HFCs), have stepped up funding to the real-estate sector at a time when bigger players are reluctant.
Doosan Bobcat India hosts its Grand Financiers Meet at its Chennai plant.
These companies have lent about Rs 40 billion in the six months after the NBFC crisis
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