2. No.
1.
Website
Press Trust of India
2.
The Times of India
3.
The Economic Times
4.
Business Standard
5.
Financial Express
6.
The Hindu
7.
The Indian Express
8.
The Hindu Business Line
9.
Business Today
10.
Moneylife
11.
Afternoon DC
URL
Appeared
http://timesofindia.indiatimes.com/business/indiabusiness/Commercial-residential-NPA-properties-worth-Rs-7700-croreup-for-sale-in-India/articleshow/28187284.cms
http://articles.economictimes.indiatimes.com/2013-1231/news/45739991_1_npasource-com-gnpas-rs-200-crore
http://www.business-standard.com/article/companies/commercialresidential-npa-properties-worth-rs-7-700-crore-up-for-sale113123100466_1.html
http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000cr-up-for-sale-report/1213908
http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realtynpas-up-for-sale-report/article5523313.ece
http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-crup-for-sale-report/1213908/
http://www.thehindubusinessline.com/industry-andeconomy/banking/commercial-residential-properties-of-npas-worth-rs7700-cr-up-for-grabs/article5522734.ece
http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npasavailable-for-sale-report/1/201969.html
http://moneylife.in/article/commercial-residential-npa-propertiesworth-rs7700-crore-up-for-sale/35817.html
http://www.afternoondc.in/business/rs-7700-crore-npa-properties-upfor-sale/article_99600
3. PRESS TRUST OF INDIA
Rs 7,700 cr worth realty NPAs up for sale: Report
Mumbai, Dec 31 (PTI) Indicating the worsening stress on the realty sector, an estimated Rs
7,700 crore worth of commercial and residential properties loans are up for sale, according to
an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent. The lion's share of bad assets come from the industrial land
and building category constituting over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively. Delhi
follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore. Against this, the priciest two
Mumbai properties pale in value with a base price value of Rs 26.5 crore and Rs 24.6 crore,
respectively, said Jain.
"As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain. According to the half-yearly financial stability report of the
4. RBI released yesterday, the gross NPAs in the system is set to rise to 4.6 per cent by September
2014 from 4.2 per cent in September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year
earlier. The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of
the overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
5. THE TIMES OF INDIA
http://timesofindia.indiatimes.com/business/india-business/Commercial-residential-NPAproperties-worth-Rs-7700-crore-up-for-sale-in-India/articleshow/28187284.cms
Commercial, residential NPA properties worth Rs 7,700 crore
up for sale in India
COIMBATORE: Commercial and residential properties of non-performing assets (NPAs) with
banks and financial institutions worth an estimated Rs 7,700 crore are up for sale, according to
data compiled by NPAsource.com, a portal which focuses on resolution of stressed assets.
There are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment.
"Maharashtra, largely due to Mumbai, tops both the commercial and residential categories
with Rs 842 crore and Rs 838 crore respectively," said D K Jain, chairman & managing director
of Atishya Technologies, which owns NPAsource.com portal.
Delhi came next with NPA property worth Rs 686 crore in the commercial segment and Rs 500crore worth of NPA residential properties. Andhra Pradesh stood next in the residential
properties ranking with Rs 497-crore worth of space up for sale under NPA properties to be
auctioned by banks and financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh are
the next three states with highest value of commercial and residential NPA properties up for
sale.
The single largest commercial property in value terms is an office property in New Delhi valued
at Rs 200 crore at the base price. In the residential category, the single largest NPA property
happens to a farm house at New Delhi with a base value of Rs 40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore respectively.
"As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues," Jain said.
6. "A slowdown in the real estate markets across the country has further added to the woes of the
lenders who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces," he said. "A positive turnaround in the realty market
as well as the Indian economy may take place around May if a stable government is formed at
the Centre," Jain said.
As on March 31, 2013, net NPAs of 40 listed banks stood at Rs 93,109 crore, which rose to Rs.
12,85,33 crore as on September 30, 2013. NPAsource.com has total NPA properties worth
around Rs 27,500 crore registered on its portal spread across 27,626 units. Commercial NPA
properties have a 15% share in value terms while residential properties have a 13% share.
7. THE ECONOMIC TIMES
http://articles.economictimes.indiatimes.com/2013-12-31/news/45739991_1_npasource-comgnpas-rs-200-crore
MUMBAI: Indicating the worsening stress on the realty sector, an estimated Rs 7,700 crore
worth of commercial and residential properties loans are up for sale, according to an industry
report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent.
The lion's share of bad assets come from the industrial land and building category constituting
over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively. Delhi
follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore.
Against this, the priciest two Mumbai properties pale in value with a base price value of Rs 26.5
crore and Rs 24.6 crore, respectively, said Jain.
8. "As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain.
According to the half-yearly financial stability report of the RBI released yesterday, the gross
NPAs in the system is set to rise to 4.6 per cent by September 2014 from 4.2 per cent in
September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year earlier.
The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of the
overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
9. BUSINESS STANDARD
http://www.business-standard.com/article/companies/commercial-residential-npa-propertiesworth-rs-7-700-crore-up-for-sale-113123100466_1.html
Commercial, residential NPA properties worth Rs 7,700 crore
up for sale
As per the data collated by NPASource.com, there are around 2,200 units in the commercial
category and nearly 11,000 units in the residential segment
Indicating non-performing assets (NPAs) trends in the real estate sector, the NPAsource.com's
data has revealed that an estimated Rs 7,700 crore worth of commercial and residential
properties of NPAs are up for sale. A portal focusing on resolution of stressed assets,
NPAsource.com has compiled data of NPAs in terms of properties with banks and financial
institutions.
As per the data collated by the portal, there are around 2200 units in the commercial category
and nearly 11,000 units in the residential segment. NPAsource.com has total NPA properties
worth around Rs 27,500 crore registered on its portal spread across 27,626 units. Commercial
NPA properties have a 15 per cent share in value term while residential properties have a 13
per cent share.
The biggest chunk of NPA properties fall under the industrial land & building category with a 65
per cent plus share in value terms.
"Maharashtra, largely due to Mumbai, tops both the commercial and residential categories
with Rs 842 crore and Rs 838 crore respectively. Delhi comes next with Rs 686 crore worth of
NPA commercial and Rs 500 crore worth of NPA residential properties. Andhra Pradesh comes
at number three in the residential properties ranking with Rs 497 crore worth of space up for
sale under NPA properties to be auctioned by banks and financial institutions. Tamil Nadu,
West Bengal and Uttar Pradesh are the next three states with highest value of commercial and
residential NPA properties," said DK Jain, Chairman & MD of Atishya Technologies Ltd, which
owns NPAsource.com.
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price.
10. In the residential category, the single largest NPA property happens to be a farm house at New
Delhi with a base value of Rs 40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore.
"As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues.
A slowdown in the real estate markets across the country has further added to the woes of the
lenders who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces.
A positive turnaround in the realty market as well as the Indian economy may take place
around May if a stable government is formed at the Centre," said Jain.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.
11. FINANCIAL EXPRESS
http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-salereport/1213908
Real estate NPAs worth Rs 7,000 cr up for sale: Report
Maharashtra, largely due to Mumbai, tops the list on both commercial & residential properties' NPAs.
An estimated Rs. 7,700-crore worth of residential and commercial properties as nonperforming assets (NPAs) with banks and financial institutions are up for sale. Maharashtra —
largely due to Mumbai — tops the list on both commercial and residential properties’ NPAs,
according to data compiled by NPAsource.com. The online portal has total NPA properties
worth around R27,500 crore registered from 27,626 units, of which, 2,200 are in the
commercial category and nearly 11,000 in the residential segment, it said.
The biggest chunk of NPA properties fall under the industrial land & building category, with a
65% plus share in value terms. State-wise, Maharashtra tops the list of most number of NPAs,
with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in
residential properties, NPAsource.com said. Delhi comes next with R686-crore worth of NPA
commercial and NPA residential properties worth Rs. 500 crore.
“Andhra Pradesh comes at number three in the residential properties ranking with R497 crore
worth of space up for sale under NPA properties to be auctioned by banks and financial
institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states, with highest
value of commercial and residential NPA properties,” said DK Jain, CMD of Atishya
Technologies, which owns NPAsource.com.
The real estate market has been reeling under the economic downturn and according to a
report by property consultant Cushman and Wakefield, the number of residential launches
dropped by about 12% this year from 2012. An estimated 1,72,500 apartment units were
launched this year in eight major cities —Mumbai, NCR, Bangalore, Chennai, Hyderabad,
Kolkata, Ahmedabad and Pune — compared with about 1,96,846 units in 2012.
Large commercial space that were leased out dipped sharply in the September quarter; while
Delhi saw a drop of 91% sequentially and 66% over the March quarter. The trend in Mumbai
was only slightly better — the fall was 50% sequentially and 62% over the January-March
period, the report noted.
12. THE HINDU
http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realty-npas-up-for-salereport/article5523313.ece
Rs. 7,700 cr worth realty NPAs up for sale:
report
Indicating the worsening stress on the realty sector, an estimated Rs 7,700 crore worth of
commercial and residential properties loans are up for sale, according to an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent. The lion’s share of bad assets come from the industrial land
and building category constituting over 65 per cent share in value terms, the portal said. Portal
Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial and
residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively.
Delhi follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs. Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up
for sale under. Tamil Nadu, Bengal and UP are the next three states with highest value of
commercial and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single—NPA front, with a
New Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by
a farm—house in the Capital with a base value of Rs 40 crore. Against this, the priciest two
Mumbai properties pale in value with a base price value of Rs 26.5 crore and Rs 24.6 crore,
respectively, said Jain. “As NPAs in the corporate sector continue to grow, there will be more
commercial and residential properties coming up for auction. The slowdown in realty markets
has further added to the woes of the lenders who will not be able to generate higher returns by
selling these mortgaged properties,” said Jain.
13. THE INDIAN EXPRESS
http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-salereport/1213908/
Real estate NPAs worth Rs 7,000 cr up for sale: Report
An estimated R7,700-crore worth of residential and commercial properties as non-performing
assets (NPAs) with banks and financial institutions are up for sale. Maharashtra — largely due
to Mumbai — tops the list on both commercial and residential properties' NPAs, according to
data compiled by NPAsource.com. The online portal has total NPA properties worth around
R27,500 crore registered from 27,626 units, of which, 2,200 are in the commercial category and
nearly 11,000 in the residential segment, it said.
The biggest chunk of NPA properties fall under the industrial land & building category, with a
65% plus share in value terms. State-wise, Maharashtra tops the list of most number of NPAs,
with 563 units worth R842 crore in commercial properties and 2,492 units worth R838 crore in
residential properties, NPAsource.com said. Delhi comes next with R686-crore worth of NPA
commercial and NPA residential properties worth R500 crore.
"Andhra Pradesh comes at number three in the residential properties ranking with R497 crore
worth of space up for sale under NPA properties to be auctioned by banks and financial
institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states, with highest
value of commercial and residential NPA properties," said DK Jain, CMD of Atishya
Technologies, which owns NPAsource.com.
The real estate market has been reeling under the economic downturn and according to a
report by property consultant Cushman and Wakefield, the number of residential launches
dropped by about 12% this year from 2012. An estimated 1,72,500 apartment units were
launched this year in eight major cities —Mumbai, NCR, Bangalore, Chennai, Hyderabad,
Kolkata, Ahmedabad and Pune — compared with about 1,96,846 units in 2012.
Large commercial space that was leased out dipped sharply in the September quarter; while
Delhi saw a drop of 91% sequentially and 66% over the March quarter. The trend in Mumbai
was only slightly better — the fall was 50% sequentially and 62% over the January-March
period, the report noted.
14. THE HINDU BUSINESS LINE
http://www.thehindubusinessline.com/industry-and-economy/banking/commercialresidential-properties-of-npas-worth-rs-7700-cr-up-for-grabs/article5522734.ece
Stressed assets: Rs 7,700-cr worth property up for sale
More auctions by banks, financial institutions likely to recover dues: NPAsource.com
MUMBAI, DEC 31:
An estimated Rs 7,700 crore worth commercial and residential properties with banks and
financial institutions are up for sale, according to NPAsource.com, a portal focusing on
resolution of stressed assets.
There are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment, said D. K. Jain, Chairman and Managing Director of Atishya Technologies
Ltd, which owns the portal, here on Tuesday.
Maharashtra has taken the lead, largely due to Mumbai, in terms of having commercial nonperforming assets worth Rs 842 crore, and non-performing assets in residential categories
worth Rs 838 crore, according to data compiled by the portal.
Largest share
NPAsource has total NPA properties worth around Rs 27,500 crore registered on its portal
spread across 27,626 units.
Commercial NPA properties have a 15 per cent share in value term, while residential properties
have a 13 per cent share. The biggest chunk of NPA properties fall under the industrial land and
building category, with over 65 per cent share in value terms.
Elaborating on the findings, Jain said, “After Maharashtra topping both the commercial and
residential categories, comes Delhi, with Rs 686 crore worth of NPA commercial, and Rs 500
crore worth of NPA residential properties.”
Andhra Pradesh was at number three in the residential space, with Rs 497 crore worth of space
to be auctioned by banks and financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh
were the next among States with the highest value of commercial and residential NPA
properties, Jain added.
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price. In the residential category, the largest property is a farmhouse
in New Delhi, with a base value of Rs 40 crore.
15. Mumbai has two NPA commercial properties with a base price value of Rs 26.5 crore and Rs
24.6 crore, the study showed.
More in store
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues.
“A slowdown in the real estate markets across the country has further added to the woes of the
lenders, who will not be able to generate higher returns from the sale of mortgaged properties
in the residential and commercial spaces,” Jain added.
He noted that a positive turnaround in the realty market, as well as the Indian economy, may
take place around May if a stable government is formed at the Centre.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.
16. BUSINESS TODAY
http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npas-available-for-salereport/1/201969.html
Rs 7,700 cr worth realty NPAs up for sale: Report
Indicating the worsening stress on the realty sector , an estimated Rs 7,700 crore worth of
commercial and residential properties loans are up for sale, according to an industry report.
Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows
that there are around 2,200 units in the commercial category and nearly 11,000 units in the
residential segment funded by banks and other financial institutions and valued at over Rs
7,700 crore, which have turned NPAs and are on the block.
The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units.
Out of this, commercial NPA properties have a 15 per cent share in value term, while residential
properties constitute 13 per cent.
The lion's share of bad assets come from the industrial land and building category constituting
over 65 per cent share in value terms, the portal said.
Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively.
Delhi follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential
NPAs.
Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale
under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial
and residential NPA properties, he said.
Though Mumbai leads the space in realty NPAs, Delhi leads on the single-NPA front, with a New
Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a
farm-house in the Capital with a base value of Rs 40 crore.
Against this, the priciest two Mumbai properties pale in value with a base price value of Rs 26.5
crore and Rs 24.6 crore, respectively, said Jain.
"As NPAs in the corporate sector continue to grow, there will be more commercial and
residential properties coming up for auction. The slowdown in realty markets has further added
to the woes of the lenders who will not be able to generate higher returns by selling these
mortgaged properties," said Jain.
17. According to the half-yearly financial stability report of the RBI released on Tuesday, the gross
NPAs in the system are set to rise to 4.6 per cent by September 2014 from 4.2 per cent in
September 2013 or about Rs 2.29 trillion from Rs 1.67 trillion a year earlier.
The amount of recast loans touched an all-time high of Rs 4 trillion or 10.2 per cent of the
overall advances.
The report also warned that in case the economic conditions deteriorate, the same number will
be at the 7 per cent mark by March 2015.
The state-run banks will be the worst affected, the FSR said, pegging the GNPAs for public
sector banks to touch 4.9 per cent by March 2015, while the same for new private sector banks
will be 2.7 per cent.
If the restructured assets are added, the total stressed advances ratio rose to 10.2 per cent in
September 2013 from the 9.2 per cent in March 2013, the RBI said.
The report said though agriculture accounted for the highest GNPAs at 5.5 per cent as of the
quarter to September 2013, it is the industry with a GNPA of 4.9 per cent and 10.9 per cent of
restructured which is the main culprit.
18. MONEYLIFE
http://moneylife.in/article/commercial-residential-npa-properties-worth-rs7700-crore-up-forsale/35817.html
Commercial, residential NPA properties worth Rs7,700 crore
up for sale
Commercial and residential properties of non-performing assets (NPAs) with banks and
financial institutions worth an estimated Rs7,700 crore are up for sale across the country.
According to NPAsource.com, there are around 2,200 units in the commercial category and
nearly 11,000 units in the residential segment.
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues. A slowdown in the real estate markets across the
country has further added to the woes of the lenders who will not be able to generate higher
returns from the sale of mortgaged properties in the residential and commercial spaces. A
positive turnaround in the realty market as well as the Indian economy may take place around
May 2014 if a stable government is formed at the Centre,” said DK Jain, chairman and managing
director of Atishya Technologies Ltd, which owns NPAsource.com portal.
According to NPAsource.com, Maharashtra, largely due to Mumbai, tops both the commercial
and residential categories with Rs842 crore and Rs838 crore, respectively. Delhi comes next
with Rs686 crore worth of NPA commercial and Rs500 crore worth of NPA residential
properties. Andhra Pradesh comes at number three in the residential properties ranking with
Rs 497 crore worth of space up for sale under NPA properties to be auctioned by banks and
financial institutions. Tamil Nadu, West Bengal and Uttar Pradesh are the next three states with
highest value of commercial and residential NPA properties.
NPAsource.com said, the single largest commercial property in value terms is an office property
at New Delhi valued at Rs200 crore at the base price. In the residential category, the single
largest NPA property happens to a farm house at New Delhi with a base value of Rs40 crore.
Mumbai has two NPA commercial properties with a base price value of Rs26.5 crore and Rs24.6
crore, it added.
As on 31 March 2013, net NPAs of 40 listed banks were Rs93,109 crore, which rose to Rs1.29
lakh crore as on 30 September 2013. NPAsource.com has total NPA properties worth around
Rs27,500 crore registered on its portal spread across 27,626 units. Commercial NPA properties
have a 15% share in value term while residential properties have a 13% share. The biggest
chunk of NPA properties fall under the industrial land and building category with a 65% plus
share in value terms.
19. AFTERNOON DESPATCH & COURIER
http://www.afternoondc.in/business/rs-7700-crore-npa-properties-up-for-sale/article_99600
Rs 7700 Crore NPA Properties Up For Sale
An estimated Rs. 7700 crore worth of commercial and residential properties of non-performing
assets (NPAs) with banks and financial institutions are up for sale. According to data compiled
by NPAsource.com, a portal which focuses on resolution of stressed assets. There are around
2200 units in the commercial category and nearly 11,000 units in the residential segment.
NPAsource.com has total NPA properties worth around Rs 27,500 crore registered on its portal
spread across 27,626 units. Commercial NPA properties have a 15% share in value term while
residential properties have a 13% share. The biggest chunk of NPA properties fall under the
industrial land & building category with a 65% plus share in value terms.
DK Jain, Chairman & MD of Atishya Technologies Ltd, owner of the portal said, “Maharashtra,
largely due to Mumbai, tops both the commercial and residential categories with Rs 842 crore
and Rs 838 crore respectively. Delhi comes next with Rs 686 crore worth of NPA commercial
and Rs 500 crore worth of NPA residential properties. Andhra Pradesh comes at number three
in the residential properties ranking with Rs 497 crore worth of space up for sale under NPA
properties to be auctioned by banks and financial institutions. Tamil Nadu, West Bengal and
Uttar Pradesh are the next three states with highest value of commercial and residential NPA
properties.”
The single largest commercial property in value terms is an office property at New Delhi valued
at Rs 200 crore at the base price. In the residential category, the single largest NPA property
happens to a farm house at New Delhi with a base value of Rs 40 crore. Mumbai has two NPA
commercial properties with a base price value of Rs 26.5 crore and Rs 24.6 crore.
“As NPAs in the corporate sector continue to grow in the coming months, there will be more
commercial and residential properties which will be put under the auction block by banks and
financial institutions to recover their dues. A slowdown in the real estate markets across the
country has further added to the woes of the lenders who will not be able to generate higher
returns from the sale of mortgaged properties in the residential and commercial spaces. A
positive turnaround in the realty market as well as the Indian economy may take place around
May if a stable government is formed at the Centre,” said DK Jain.
As on March 31, 2013, net NPAs of 40 listed banks were Rs 93,109 crore, which rose to Rs
1,28,533 crore as on September 30, 2013.
