Don't fall for under-construction stock, ready-to-move homes a better bet

With banks saddled with NPAs, NBFCs had stepped into the breach

Patna-based businessman Rohit Karna, 50, and his school teacher wife Garima, 46, have been scouting for an apartment in the National Capital Region (NCR) for the past six months. The news of the crisis in non-banking financial companies (NBFC) and the consequent fund crunch real estate developers are facing has got the couple worried. “When you go house hunting, you see so many projects where construction been at a standstill for some time. If fund supply to the sector grows tighter, more projects could meet the same fate,” says Rohit. The Karnas have decided to proceed only after weighing all