An impressive step was taken by the Reserve Bank of India to make up the realty trauma in India. According to the sources of www.propertykhazana.com RBI has reduced the previous reading of the interest rate with few reductions which improves the selling rates of the housing units. Further a new slab called priority sector is also introduced for the benefit of the buyers which will enable the buyers to go up to the range of Rs. 20 lakhs considering certain criteria’s of the individuals.
Realty India has made high applause for all these alteration as a measure to speed up the slump realty with better number of sales and also will help to complete the incomplete and hold projects as stated by Anuj Puri – head of LaSalle Meghraj. Further he explains that the buyers are always waiting for a low interest bank loans and the right attempt by the RBI will definitely help to stabilize the harsh realty atmosphere of the country. Apart from this lowering the repo and reverse repo rates has also played a vital role in attracting both buyers and investors to the looming industry as per the sources of www.propertykhazana.com.
Anuj puri further warns the govt. that after making these changes it is also the sole duty of the govt. to keep a regular checking of the issue on regular intervals. Sources of www.propertykhazana.com also reveals that the RBI has reduced with one percent for the short term lending rates which now comes to 6.5 percent along with the reverse repo rates. Sanjay Verma of Cushman and Wakefield said at the www.propertykhazana.com that it is definite step to maintain adequate liquidity for further availability of funds. Looking to this lowering Parsvnath chairman feels that there should a slash in the various bank interest rates too in following days. For latest realty updates follow us at www.propertykhazana.com.
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