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RBI rate cuts relieves Indian realty

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The recent RBI action by reducing the interest rates has made a sign of relief to the entire realty business across the nation. Now one can hope a better flow of cash into the downing economy and might increase the loan sanctions for which many projects has been put on hold for a longer time. According to the sources of www.propertykhazana.com, realty groups are delighted on the rate cut issue of RBI and are hoping more sells in coming days as it will lay a foundation stone in decreasing the mounting rate of interest of the various banks in India.
Apart from this, it will put more funds on the economic system and the pending projects can be restarted with further sanctions of available funds as stated by secretary general of Assocham – D S Rawat. MD of the Binani Cement also reveals to www.propertykhazana.com that “it is a very encouraging step by the RBI and it will not only reduce the interest rates but also will be helpful to deliver pending assignments with in the due date. He further adds that this process has undoubtedly solved the shortage of funds in the market but gaining the confidence of the banks to lend the money will be very crucial”.
According to the sources of www.propertykhazana.com for the cement sector too it was a very harsh time due to unavailability of realty projects and now with improved inflow of funds this sector too can hope for a better return in coming days. To bring up the issues of present market condition recently the DLF chairperson has met with the national leaders of the finance and industries along the finance minister.
Source: NBTVLIVE

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