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Representative of Realtors held talks with RBI

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For a fresh atmosphere in realty a group of representative has a talk with the core team of RBI including governor D Subbarao, Usha Thorat - Deputy Governor and some other officials to bring out the obstacles of the Indian realty. According to the sources of www.propertykhazana.com the representative team has requested the RBI to initiate friendly surroundings so that each species of the business get its share equally without hampering the interest of the others.
“Currently the realty groups have to take the required funds at the price of additional 2 percent higher from the banks as compared to the other related industries” states Rajnikant Ajmera – Managing Director of Ajmera Group. He further adds that the representative team is making effort mainly in three issues. First is to reduce the initial deposit for the home buyers to attract more aspiring buyers. Secondly down payment should not exceed 10 or 13 percent of the total worth against the current 30 percent. Apart from this the upper limit bar for the budget home should be placed on Rs 30 lakhs so that It become comfortable for buyers to book homes more confidently as per the source of www.propertykhazana.com.
After the completion of the talks the governor of RBI has assured its full possible support to bring up the realty sector to its past golden days. He also assured to propagate these norms after concerning the core body of the Bank soon. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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