Realty shares fall on RBI housing loan directive
Sep 04 2013
Upfront disbursal of lump sum loans should not be made in case of incomplete or housing projects under construction, the central bank said.
DLF Ltd (DLF.NS) slumps 3.9 percent, Indiabulls Real Estate Ltd (INRL.NS) falls 3.8 percent, while Housing Development & Infrastructure Ltd (HDIL.NS) 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.