Along with the other associated factors high rate of interest is the main point behind the downing realty as stated by many construction teams in India. According to the sources of www.propertykhazana.com all the major realty players in one voice wants the govt. to direct the Reserve bank of India to cut the interest rates to increase the interest of the buyers for their dream homes.
Sources of www.propertykhazana.com also reveals that for the same purpose there had been a closed door meeting among the top officials of the finance. The team still focuses on SLR and CRR cuts to make the availability of funds easier for the builders as stated by CFO of DLF. Apart from this the realty house also complains about the tough scrutiny of the Bank to allot loans for the upcoming projects of the companies and also demands for a debt moratorium states Vipin Agarwal – Executive Director of Omaxe.
At the last but not the least tax benefit was also raised by the realty team for the worst effected realty trade of the country though CEO of API group was not been so confident about this topic. He further says that the realty trade will be very benefited if they could avail the Income tax act of 80 I B section. For more and latest realty updates visit www.propertykhazana.com.
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