Govt to boost real estate sector
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks.
The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with Indian Bank’s Association (IBA) and bankers said that a funding boost for real estate was discussed by financial services secretary D K Mittal with bankers and industry representatives in Mumbai.
The government will seek simplification in norms by the Reserve Bank of India (RBI). The RBI has traditionally been wary of bank lending to real estate and has a cap of 5% on loans to the sector.
To read more real estate news:
Malad East commercial realty boosted by residential developments
bank lending to real estate, D K Mittal, Finance ministry, Indian Banks' Association (IBA), lending norms, Mumbai, Real Estate Developers, Real estate in India, Reserve Bank of India (RBI)
I have learn some just right stuff here. Definitely value bookmarking for revisiting. I wonder how so much attempt you place to create the sort of fantastic informative site.
[...] Govt to boost real estate sector [...]
[...] Govt to boost real estate sector [...]