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Realty lending by FIs drops sharply in last one year due to pandemic

Lending rates have come down by 100 basis points for term loans and to lower extent for other loans, says Propstack data

lending | financial institutions | Bank loans

Raghavendra Kamath  |  Mumbai 

Lending by financial institutions to real estate developers has come down sharply in the last one year as both lenders and borrowers battled the pandemic and related issues this year.

Lending rates have come down by about 100 basis points for term loans in the past one year and to lower extent for other loans, says data by Propstack. The data analytics firm covered loans sanctioned to over 1,000 developers and their projects based on their filing with ministry of corporate affairs (MCA).

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First Published: Tue, November 24 2020. 16:54 IST