RBI decision to ease norms for repaying project loans to bring relief to realty sector
RBI allows banks to extend commencement of commercial operations of project loans by another year
Developers say the Policy announcement by the RBI will boost the credit flow to the real estate sector
MUMBAI : After a lackluster Union budget, the ailing real estate market got a boost from the Reserve Bank of India (RBI) with its decision to allow banks to extend commencement of commercial operations of project loans by another year. Developers expect the move by the apex body would bring relief to the cash starved developers and ease the liquidity crunch to an extent.