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Governor Malhotra attributes circumspect mortgage demand to careful borrower decisions and the long-term nature of housing loans, despite a policy rate cut. While mortgage growth has slowed to 9.6%, he emphasizes that overall housing credit remains strong at 14%. Analysts cite cautious lending, softening demand, and increased selectivity as factors contributing to the broader credit moderation.
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While the five-building first phase of the sprawling development remains mostly empty, the Pepsi warehouse is breaking ground on the planned second phase.
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A century after they first rolled out, Ford Motor Co.'s Model Ts are still plying the roads.
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News and Media
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