Quote:
Originally Posted by arin_12
Many project is in deadlock stage. The Bank is not paying the installment to ongoing project as the Builder has not reached the specific stage. And at the same time Builder is asking money to the Customer to keep going. Which customer is not able to pay...
So project is getting stuck. Builders are now no where... As the Customer ...
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You are 100 % right .
The banks have also incresed the margin to 25 % which means the home buyer can sanction only 75 % of the amount .
Also PE Participation have been restricted by Govt to a greater extent.
The market listed promoters cant dilute their stake as the current market prices are almost
1/6th of their peak values.
PC says that India is still in slowdown .
When entire world has officially accepted the slowdown/recession (US UK Korea Singapore Japan and China) , wondering how India is managing the cridit crisis.
KingOfTimes,
Good initiative.
Unless you insist to have a project officer in the construction site & tracking the project growth , the promoters will try to prolong the completion as maximum as possible.