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That is because these projects are financed in part by mortgaging the entire building, as with a conventional co-op.
"These are quite big uncertainties for us and at the moment we're continuing to invest at a pace because these projects are underway but it's a question mark.
"These are quite big uncertainties for us and at the moment we're continuing to invest at a pace because these projects are under way but it's a question mark.
At the moment we're continuing to invest at the (same) pace because these projects are under way.
Similar(55)
Because many of these projects are new, it is too early to tell whether they will appreciate, but developers say they expect healthy resale values.
Lending "will not undergo a very dramatic drop, because still these projects are ongoing ones that need financing — and the crisis is not over yet," he said.
Working on these projects are very cool because we're not restricted to a genre.
"Because all of these projects were deferred, and are coming all at once, at the end of this construction cycle, a 45,000-seat baseball stadium that cost $120 million in Baltimore in 1992 will cost a half-billion or more in New York".
One respondent from Tanzania was emphatic on this: ' Policies are usually forgotten as people focus on projects, some of which have no relation at all to national development goals, but because they come with funding, these projects are implemented.
Policies with no financing mechanisms will not go anywhere '. ' Policies are usually forgotten as people focus on projects, some of which have no relation at all to national development goals, but because they come with funding, these projects are implemented.
Weighted by size, the bulk of the portfolio is still being built.One view is that, because the debt attached to these projects is ring-fenced and not guaranteed by L&T, the company could walk away if things turn sour.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com