BFSI Series: Real Estate - A Financier's View
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Investec India hosted Amar Merani, Managing Director & CEO, Xander Finance to understand the impact of Covid-19 on and on real estate financing.
Over the past 6 years, Xander Finance has not only emerged as one of India’s premier wholesale financing NBFCs across sectors and geographies but has demonstrated strong growth in all operating and financial metrics
Key takeaways from the discussion were: a) 75-80% of developers opted for moratorium and this could be further extended till Sept’20, (b) more than 80% of LRD is with banks and their risk appetite will come down, and (c) the commercial segment seems stable for now while Retail is severely affected.
Over the past 6 years, Xander Finance has not only emerged as one of India’s premier wholesale financing NBFCs across sectors and geographies but has demonstrated strong growth in all operating and financial metrics
Key takeaways from the discussion were: a) 75-80% of developers opted for moratorium and this could be further extended till Sept’20, (b) more than 80% of LRD is with banks and their risk appetite will come down, and (c) the commercial segment seems stable for now while Retail is severely affected.
