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RISKS AND CONCERNS

REAL ESTATE • October 2007

Key Risks and Concerns

RBI’s measures to cool the real estate market Change in preference share policy

  • Foreign investment coming as non-convertible, optionally convertible or partially convertible preference shares would be considered as debt and shall require compliance with ECB guidelines

Change in ECB Policy

  • Utilization of ECB proceeds is no longer permitted in real estate; exemption granted to integrated townships has been withdrawn

Risk weightage increase

  • In 2006, RBI increased the risk weightage on bank exposures to commercial real estate from 125% to 150%

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