Developer Loans News Today

Kotak Mahindra Investments plans to double its loan portfolio to property developers over the next three years due to burgeoning demand for housing across India. The non-banking finance companys developers portfolio currently stands at INR70bn ($943m), and its CEO, Amit Bagri, told the Economic Times he expects his firm to be in the top two or three developers in three years time, up from its present position among the top five.

>> there is a lot in this budget. they are spending like there is no tomorrow. $250 million for developer loans for housing. $130 million in new environmental spending. $100 million for schools but really for pensions within those schools and then you mention healthcare spending. i love this. because this is california government deciding whats important to them and using taxpayer dollars there to run the state the way they want. if people dont like it they can leave california and move somewher...