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REALTY SEGMENT MAY BE ENTITLED FOR LOANS ON THE SAME LINES OF INFRASTRUCTURE PROJECTS – RBI

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RBI has made it clear that instructions are being framed for those who start a hotel industry to be out of the coverage of the banks so as to be entitled for loans in the same way as made to infrastructure projects. As per a source from www.propertykhazana.com this would make it easy for the hotel segment to get more benefit on loans at lower market rates and further help them to bring down the cost of hotel projects. To overlook the increase in demand in the tourism segment, the Finance Minister along with the Tourism Minister has taken over the matter during the course of the year thereby according a infrastructure rank to the hotel segment.
In contrast to other segments, the hotel segment has a commendable growth rate and can witness higher income trend. As per a source quoting from www.propertykhazana.com, there is a decline in the availability of good hotel rooms both in India and abroad and demand for the same may increase in future. With the separation of Hotel segment from profit making realty segment by RBI, the hotel segment can now avail loans from banks to come out of their monetary problems. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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