NPAs in real estate will inch up in short term before settling: Keki Mistry

Mistry said markets at present are distinguishing between strong property developers and weaker developers unlike in the past

Non-performing assets (NPAs) in real estate will go up in short term before settling down, Keki Mistry, vice-chairman and CEO at HDFC, said on Thursday.

"NPAs in real estate will inch up in the next one or two quarters before they stabilise in the next three to four quarters," Mistry said at a webinar organised by industry bodies Naredco (National Real Estate Development Council) and Asia Pacific Real Estate Association (APREA).

Mistry said the restructuring announced by Reserve Bank may not help all developers as many may not be able to meet terms attached to it.

On the interest rates, he said benign