CRR rates cut down by 50 base points
The Cash Reserve Ratio (CRR) rates has been cut down by the Reserve Bank of India (RBI).
The Confederation of Real Estate Developers’ Associations of India (CREDAI) is all happy to welcome the cut down of CRR rates by 50 base points.
This policy is said to improve the liquidity in the realty sector.
Now, the realty experts say that consolidation of government finances is what we have to look forward to making sure funds are available private sector.
The CRR rate cut down is expected to pull down all negative vibes in the real estate industry! Experts hope the good growth of real estate industry.
Source: The Times of India
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