India’s construction, property industries in trouble, says Raghuram Rajan |

[bhaigan]

India’s real estate, construction and infrastructure industries are a ticking time bomb, former RBI governor Raghuram Rajan has warned. Rajan said the sectors were in “deep trouble,” and the non-bank finance companies which lend to these sectors should have their asset quality reviewed.

There is also “significant distress in rural areas,” Rajan wrote in an opinion piece in the India Today magazine. India, the former central banker said, is in a growth recession, an economy growing at a slow pace and where unemployment is rising. India’s GDP growth slowed to 4.5% in the quarter ended September, a six-year low. A crisis among shadow lenders and a build-up of bad loans at banks have curbed lending in the economy.
 

The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan suggested in the piece. The central bank closely monitors the top fifty non-bank financiers, which account for about 75% of total assets in the shadow banking sector, Governor Shaktikanta Das said in a press conference on Thursday. “We have a fairly good idea of where the vulnerabilities lie,” said Das, reiterating that the central bank won’t allow any large or systematically important non ..
 

 

 

[bhaigan]

Real estate bubble is coming to India

[chittimallu_14]

22 minutes ago, bhaigan said:

Real estate bubble is coming to India

peddha cities lo already janam millions lo unnaru.. I dont think it will affect the major cities like hyd... unna janam ekkadiki potharu to live? Just trying to understand

[sattipandu]

Bubble pelithey seppandi 

Pogesina dabbuluuu, appulu sesj marerr properties kontaaa

[snoww]

2 hours ago, chittimallu_14 said:

peddha cities lo already janam millions lo unnaru.. I dont think it will affect the major cities like hyd... unna janam ekkadiki potharu to live? Just trying to understand

Agreed.

Only luxury sector market might get saturate. But not whole sector. 

[cellphone]

RBI governor ga vunnappudu evadidi cheekinav ra antunna @modisha 

[BeerBob123]

Em Bharathi cement sales padipoyaya?