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Hotel Construction project finance hospitality finance in india

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  • 1. Netz Capital Update: Sept 2011Hotel Project Loans and HotelsConstruction Financing in IndiaIn spite of RBI policy on tightening credit for the real estate and construction sector, Hotels is asector which is still looked at very positively by the Banks.The Reserve Bank of India vide its circular to all Commercial Banks dated September 9, 2009 hasenclosed guidelines which has removed exposure by Hotels to be classified as Commercial RealEstates. For a long time the Hotel Industry has been taking up this issue with the RBI and theMinistry of Finance, Government of India asking for its removal as otherwise it has led to Hotelsbeing subject to extra provisioning norms as applicable to Real Estate. With this circular theHotel Industry would be able to avail of loans from Commercial Banks at lower rates of interest,and therefore, Hotel projects which are very capital intensive could be constructed at reducedproject costs.There is also a request to qualify Hotel and SEZ financing as Infrastructure lending which is avery favorable long term sector in India.Tourism Industry contributes as one of the largest employment generators in the country atnearly 40 million jobs.About Netz Capital Advisors LLPNetz Capital Advisors is a Financial Advisory and training firm which enables small and mediumenterprises in making informed financial decisions for business expansion relating to theguidelines of central bank (i.e. Reserve Bank of India RBI ) in India Netz Capital is assistingseveral businesses with combined financial needs of over $500 million US Dollars.Keywords : Hotel Financing, Hospitality Financing , Hotel Construction, IndiaContact Information:Mr.Anil Yadav President-Finance Netz Capital Advisors LLPEmail: anil at netzcapital dot comPhone : +91 932484716 /91-22-28631151http://www.netzcapital.comDisclaimerWhilst every effort has been made to ensure the accuracy of the information contained in this publication, neither the netz capital nor any of its memberspast present or future warrants its accuracy or will, regardless of its or their negligence, assume liability for any foreseeable or unforeseeable use madethereof, which liability is hereby excluded. Consequently, such use is at the recipient’s own risk on the basis that any use by the recipient constitutesagreement to the terms of this disclaimer. The recipient is obliged to inform any subsequent recipient of such terms.

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