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Realtors welcome RBI’s move to cut SLR

Comments(2) Sub Category:Mumbai,Uncategorized Posted On: Aug 03, 2012

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.

To read more real estate news:

Real estate firm in the middle of legal feuds

2 Responses to “Realtors welcome RBI’s move to cut SLR”

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