After a long discussion and debates there comes good news for hotel industry as the govt. has sanctioned their plea of external borrowing range up to 100 million dollars for the current fiscal year as per the source available at www.propertykhazana.com. Apart from this the approval letter from Reserve Bank of India to remove the tag of commercial realty will play a better boost for the upcoming projects as lending rates for funds collected will be charged comparatively at lower rates unlike before and it is expected to get more high end hospitality projects with this two sanctions of the govt.
Source of www.propertykhazana.com also reveals that the hospitality expansion was greatly hindered due to high rate of interest by various financial units and other restrictions of the foreign investment in the country’s economy. Later on it was also found that the govt. is making another move with further series of talks with RBI to upgrade the hospitality section with more projects to encourage the tourism industry of the country.
Sources reported at www.propertykhazana.com reveals that the country is already lacking a adequate supply of high end space for tourist of both overseas and domestic and hence it has become very essential to delink the commercial realty that from the hospitality. It further eases out for better funds for developers to carry on the stall ventures of hospitality at many prime location of the country. For more updates visit www.propertykhazana.com.
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