Online coverage propertywise

Online

Coverage

On

“Commercial & residential NPA

properties worth Rs 7700 crore up for

sale: NPAsource.com”

No. Website URL

1. Press Trust of India Appeared

2. The Times of India

http://timesofindia.indiatimes.com/business/india-

business/Commercial-residential-NPA-properties-worth-Rs-7700-crore-

up-for-sale-in-India/articleshow/28187284.cms

3. The Economic Times http://articles.economictimes.indiatimes.com/2013-12-

31/news/45739991_1_npasource-com-gnpas-rs-200-crore

4. Business Standard

http://www.business-standard.com/article/companies/commercial-

residential-npa-properties-worth-rs-7-700-crore-up-for-sale-

113123100466_1.html

5. Financial Express http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000-

cr-up-for-sale-report/1213908

6. The Hindu http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realty-

npas-up-for-sale-report/article5523313.ece

7. The Indian Express http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-cr-

up-for-sale-report/1213908/

8. The Hindu Business Line

http://www.thehindubusinessline.com/industry-and-

economy/banking/commercial-residential-properties-of-npas-worth-rs-

7700-cr-up-for-grabs/article5522734.ece

9. Business Today http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npas-

available-for-sale-report/1/201969.html

10. Moneylife http://moneylife.in/article/commercial-residential-npa-properties-

worth-rs7700-crore-up-for-sale/35817.html

11. Afternoon DC http://www.afternoondc.in/business/rs-7700-crore-npa-properties-up-

for-sale/article_99600

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

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.

THE TIMES OF INDIA http://timesofindia.indiatimes.com/business/india-business/Commercial-residential-NPA-

properties-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 500-

crore 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.

"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.

THE ECONOMIC TIMES http://articles.economictimes.indiatimes.com/2013-12-31/news/45739991_1_npasource-com-

gnpas-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.

"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.

BUSINESS STANDARD http://www.business-standard.com/article/companies/commercial-residential-npa-properties-

worth-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.

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.

FINANCIAL EXPRESS http://www.financialexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-sale-

report/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 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 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.

THE HINDU http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realty-npas-up-for-sale-

report/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.

THE INDIAN EXPRESS http://www.indianexpress.com/news/real-estate-npas-worth-rs-7000-cr-up-for-sale-report/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.

THE HINDU BUSINESS LINE http://www.thehindubusinessline.com/industry-and-economy/banking/commercial-residential-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 non-performing 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.

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.

BUSINESS TODAY http://businesstoday.intoday.in/story/rs-7700-cr-worth-realty-npas-available-for-sale-report/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.

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.

MONEYLIFE http://moneylife.in/article/commercial-residential-npa-properties-worth-rs7700-crore-up-for-sale/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.

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.