The first of a three-part series looks at the prospects of the Mumbai property market, which saw the highest unsold inventory pile-up last year
Along with HFCs, NBFCs account for about 60 per cent of real estate developers' loans as banks stayed away from lending to developers
The current environment has a heightened sense of risk perception on under-construction flats
Sales and new launches have declined as developers have been focusing on complying with Rera