MUMBAI: At least 67%, or $67 billion, of the total loan advances to Indian real estate sector by banks, non-banks and mortgage lenders is currently stress-free, according to a study by Anarock Capital. “Covid-19 has had a cascading impact across sectors, and severely stressed loans levels in Indian real estate were expected to go up substantially. However, real estate – particularly the residential segment -- has fared better than anticipated," said Shobhit Agarwal, managing director and chief executive of Anarock Capital. Towards the end of 2019, of the total real estate loan of $93 billion, at least 16% was severely stressed. Also, every real estate loan is backed by hard security, which is anywhere between 1.5 to 2 times," he added.

Source: Mint July 26, 2021 06:45 UTC