Realtors welcome RBI’s move to cut SLR
The realtors welcome the move by Reserve Bank of India (RBI) to cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent.
The real estate sector, which is struggling due to the combined effects of diving demand, huge debt and piling inventory, is hopeful of positive effect of the cut on the industry.
It is expected that this will bring in an additional Rs. 63,000 crore liquidity into the system and hence some banks may opt to provide new home loans, thus improving the situation for realty players to some extent.
Realtors believe that there would be transfer of resources from the SLR to the real estate sector whether private or public. Cheaper loans, even if only for new customers, could bring in some relief for the real estate sector.
Home loans, Indian real estate, liquidity, RBI, Real estate in India, Real Estate India, Real Estate Sector, Realtors, Realty News, Reserve Bank of India (RBI), Statutory Liquidity Ratio (SLR)
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