A pile of debt amassed during their halcyon days of growth is crimping a full-out revival of realty companies savouring a sharp uptick in demand after a long spell of duress. The central bank has estimated that real estate firms have built a total debt of up to Rs 75,000 crore and must pay at least Rs 25,000 crore in 2010-11 on the principal and interest accrued once the grace period on repayment ends in June. “The pressure on repayment of debt is building,” said Amit Bhagat, mana.....Read more..

A pile of debt amassed during their halcyon days of growth is crimping a full-out revival of realty companies savouring a sharp uptick in demand after a long spell of duress. The central bank has estimated that real estate firms have built a total debt of up to Rs 75,000 crore and must pay at least Rs 25,000 crore in 2010-11 on the principal and interest accrued once the grace period on repayment ends in June. “The pressure on repayment of debt is building,” said Amit Bhagat.....Read more..