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Fitch A Big No No to Tough Interest Rates

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The world class agency Fitch on Wednesday cautioned against any move to toughen the interest rates and it will affect the realty segment. According to the website www.propertykhazana.com any changes in the property rates and rough monetary rules will affect our future. Interestingly, this was said two days ahead of the Reserve Bank’s Financial Review.
As per the sources at www.propertykhazana.com, the supreme body is going to introduce the third quarterly credit policies, which will balance inflation and growth. In addition to this, RBI is undergoing the half year review of the financial policy which is raising the requirements for the banks from approx 1% to 2%.
Furthermore, the report found out that the cheap houses will be the key in the months to come. However, the commercial segment will be very slow and it will take lot of time to recover from the knockout punch it received during recession. It also found out that the segment will play an instrumental role in the revival of the realty segment in 2010 and beyond.
As per the sources at www.propertykhazana.com, the commercial department will continue to suffer and the demand for the space will improve in the coming years due to the increase in the recruitment in the field of IT and ITES segments. This will drive the retailers to invest more in the projects and improve the activity in the latter half of the year. For more information, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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