Are real estate companies in India getting ECBs?

Q: I want to know whether Indian companies are getting ECBs presently.

Kalki K,

25th June 2013

Other in Delhi

real estate news in india

real estate companies in india

ecbs

Follow Discussion

Also see discussions for

Delhi Other Other in Delhi

Replies (5)

Currently, only four developers have applied for raising $100 million ECBs. NHB believes that more developers will follow ECB route after the extension of deadline. Private developers have enough time to mobilise resources which promises a better response this time.

Lohit Raj, Delhi-NCR

16th July 2013

Comment

VBHC is constructing 18,500 new flats in the affordable category in suburbs of Delhi, Chennai and Bangalore for which it is funding through ECBs. Provident is looking at ECBs to develop around 1.5 to 2 million sq ft in low-cost housing projects in Hyderabad and Vizag.. Mantri Realty is looking to borrow ECB for its low cost housing project in Gwalior with total 1,200 flats of 60 square metres each priced at Rs 2,000 per sq ft.

Nilufar, Gurgaon

16th July 2013

Comment

ECBs have become a big source for getting easy funds, especially in the real estate sector of India. Moreover, as the prevailing interest rates are mostly high, ECBs are considered a cheaper source of funding by corporates. Builders have been looking to take this route to come up with more affordable houses

Naveen, Gurgaon

5th July 2013

Comment