IIPM MANAGEMENT INSTITUTE
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In the past year, the Indian real estate sector has seen many a fortune being built. So much so that four of the seven new Indian entrants in the Forbes Billionaire List, 2006 are from the real estate sector alone. But there was a heightened concentration risk, as RBI was of the opinion that too much of bank lending is going towards the real estate sector. As disclosed by one of the highest ranking RBI officials directly to B&E, the Government was also overtly concerned about “too much of money chasing too few assets,” which leads to creation of asset bubble.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative