Lenders seek priority tag for loans under real estate fund
- Banks want first right to recovery on loans if a project fails to take off and is monetized
- Total commercial real estate loans by banks stood at ₹2.18 trillion as on 27 September
MUMBAI : Lenders want a senior, secured charge on the assets they fund under the recently proposed ₹25,000-crore real estate fund that aims to revive stalled projects, said the head of a large public sector bank.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more