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Indian realty sector is in for a positive change, indicate recent observations, still it cannot be said to be totally free from concerns such as weak economy, rupee depreciation and lack of sufficient demand.
Finance is the most prominent concern, and several developers are open for inflow of funds from varied sources, even though the interest rates may be at its peak.
This is what is happening across the sector with HNIs, the nation’s high net-worth category who are giving financial assistance to developers; mostly short-term, for completing their projects. For many, this is a respite amidst the prevalent concerns and during a time where raising about 20 to 30 crores within a short-term is a strenuous task. And, delay in project completion is no longer a concern for many builders.
Also, with new rules, securing big loans for realty sector from banks is not as easy as it used to be.
HNIs are those individuals with investable wealth of a minimum of $1 million (it would come to around. 6.18 crores). And, the popular term ultra-rich applies to those having at least an average net worth of twenty -five crores, basically amassed over a period of 10 years.
Developers would be getting timely assistance to finish their pending projects, therefore, interest rates of over 25 % do not seem to be a concern. And, HNIs find them financially rewarding than other options like Private funds and others as returns with high rates would be more after the long-term.
The amount involved in a deal could be around 50 to 200 crores, and mostly the loans have a tenure of six months to a year.
Finance is the most prominent concern, and several developers are open for inflow of funds from varied sources, even though the interest rates may be at its peak.
This is what is happening across the sector with HNIs, the nation’s high net-worth category who are giving financial assistance to developers; mostly short-term, for completing their projects. For many, this is a respite amidst the prevalent concerns and during a time where raising about 20 to 30 crores within a short-term is a strenuous task. And, delay in project completion is no longer a concern for many builders.
Also, with new rules, securing big loans for realty sector from banks is not as easy as it used to be.
HNIs are those individuals with investable wealth of a minimum of $1 million (it would come to around. 6.18 crores). And, the popular term ultra-rich applies to those having at least an average net worth of twenty -five crores, basically amassed over a period of 10 years.
Developers would be getting timely assistance to finish their pending projects, therefore, interest rates of over 25 % do not seem to be a concern. And, HNIs find them financially rewarding than other options like Private funds and others as returns with high rates would be more after the long-term.
The amount involved in a deal could be around 50 to 200 crores, and mostly the loans have a tenure of six months to a year.
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