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    HomeNewsBusinessStocksRealty shares fall on RBI housing loan directive

    Realty shares fall on RBI housing loan directive

    Upfront disbursal of lump sum loans should not be made in case of incomplete or housing projects under construction, the central bank said.

    September 04, 2013 / 12:19 IST
       
       
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      Shares in real estate companies fell after the Reserve Bank of India (RBI) said late on Tuesday that housing loans from banks to individuals should be closely linked to the stages of construction.


      Upfront disbursal of lump sum loans should not be made in case of incomplete or housing projects under construction, the central bank said.

      DLF slumps 3.9 percent, Indiabulls Real Estate falls 3.8 percent, while Housing Development & Infrastructure is down 3.2 percent.


      Analysts say this may lead to further liquidity issues, lower sales for developers, which can force them to cut prices.

      first published: Sep 4, 2013 12:19 pm

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