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Monetizing real estate assets can help corporate India retire long term debt of USD 341 billion: JLL

Kolkata, Nov 19 (UNI) Monetizing real estate assets can help corporate India retire long term debt of USD 341 billion according to JLL Research.
However, banks have an overhang of non-performing loans for the last few years.
RBI data on India’s economic-financial position in FY 2018-19 reveals that the value of land stood at USD 52 billion and building stood at USD 89 billion. This total of USD 141 billion is 41% of the outstanding long-term debt of USD 341 billion. One of the probable reasons for this situation is lower profits generated from the assets invested in.
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Notification issued for election in five Lok Sabha seats of Bihar

28 Mar 2024 | 9:47 PM

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Blaming betrayal Arun Kumar quits Chirags' party

28 Mar 2024 | 9:42 PM

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NALCO launches new product AL 59 conductors

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