Funds crunch, occupancy certificate hit housing market

Funds crunch, occupancy certificate hit housing market

Outstanding credit to real estate developers given by Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) has increased four times from Rs 640 billion in 2011-12 to about Rs 2,600 billion till 2017-18. At a time when NBFCs/HFCs were a major...