Ravi Karandeekar's Pune Real Estate Market News Blog: Moneycontrol India ::: Real estate finds saviour in MFs?

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Thursday, June 21, 2007

Moneycontrol India ::: Real estate finds saviour in MFs?

The Reserve Bank of India, or RBI may have shut the doors on realty, but mutual funds are opening doors for builders, reports CNBC-TV18.

The RBI has asked banks to go slow on loans to real estate companies. And the government has tightened the screws on overseas borrowings by the sector. But Fixed Maturity Plans, or FMPs, have emerged as the saviours for the real estate sector that suddenly finds itself in the grip of a correction after two boom yearsMoneycontrol India :: News :: Real estate finds saviour in MFs? :: :: Business :: RBI ,mutual funds,builders,Fixed Maturity Plans ,Nilesh Shah,ICICI Pru MF,Navneet Munot,Bi