The alternative investment fund (AIF), approved by the Union Cabinet on Wednesday to cheer beleaguered real estate developers, may aggravate their pricing power in a subdued market, a Fitch group company noted in its report on Thursday.
India Ratings and Research (Ind-Ra), the local unit of American credit ratings agency Fitch, said timely completion of stalled and delayed projects might not only help homebuyers awaiting delivery and non-listed realtors wanting last-mile funding but also benefit real estate-focused non-banking financial companies and housing finance firms by reviving viable projects that were classified as non-performing assets (NPAs).
However, successful completion of
India Ratings and Research (Ind-Ra), the local unit of American credit ratings agency Fitch, said timely completion of stalled and delayed projects might not only help homebuyers awaiting delivery and non-listed realtors wanting last-mile funding but also benefit real estate-focused non-banking financial companies and housing finance firms by reviving viable projects that were classified as non-performing assets (NPAs).
However, successful completion of