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Builders are reluctant to reduced rates

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To support the slump growth in the realty banks has proclaimed cash – strapped plans for the builders earlier, but now the process is getting confused as many are selling the properties at comparatively lower rates as per the sources of www.propertykhazana.com . Few months back RBI has made norms for restructuring the loans to the realty players to help them to come out from the dilemma of realty slow down in India.
Deputy Governor of RBI – Rakesh Mohan on a discussion on the monetary issues has revealed that, “the recent relaxation has made the builders to stick to the earlier rates of property sale and is in full phase of selling across the sites in India”. According to the sources of www.propertykhazana.com leaders of the industry Developers and Housing Development and Infrastructure companies has approached to their respective banks to restructure for their loans.
Bankers also points the past feedback to RBI about these builder of their theories as most are least bothered to the reduced rate of interest and keeps blaming for the slow sale in the realty. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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