Apartments In Delhi NCR  
Call Us : +91-9650590414


Noida  
Greater Noida  
Gurgaon  
NH 24  
Yamuna Expressway  
 
 
  City *
  Budget
  Bedroom *
   
 
     
 

NRI Services
Buying with Sumangalam
Selling with Sumangalam
 

News

View All News

 
03rd Nov 2012

Developers welcome CRR cut, expect reduced interest rates from RBI


No cut in Repo or interest rate by the Reserve Bank of India (RBI) in its recent policy review may have disappointed realty developers once again, but a positive move of reducing cash reserve ratio (CRR) by 0.25 per cent for banks have bought some hope for the Indian Real Estate Sector in-terms of liquidity inflow in the sector. MagicBricks.com brings you experts' and developers' reaction on the RBI's move and what are their expectations: “While this move of RBI will help the real estate sector with greater liquidity at its disposal, the cut in CRR will also help in increasing the borrow capacity of the sector which is sure to signal greater progresses in the business of the industry, says Neeraj Gulati, MD, Assotech Realty Pvt Ltd and member of CREDAI.

Is it a cautious stance by RBI in lieu of high inflation? “This move by RBI certainly reflects its concern over rising inflations,” says Gaurav Mittal, MD, CHD Developers and member, Governing Council, CREDAI. “The move by the apex bank was a bated breath for the industrial sector as the axe of inflation was taking a toll for the investor fraternity. This infusion of money would definitely bolster the economy at large, particularly the industrial sectors such as Real Estate,” adds Nikhil Jain, CEO, Ramprastha Group However, many believed that a reduction in the Repo rate would have boost investor sentiment this festive season. “The festive season coupled with an expected change in policy rates would have been the ideal time for improving consumer confidence, opined Anshuman Magazine, Chairman and Managing Director, CBRE South Asia.

“The cut in CRR may prompt banks to cut interest rates, keeping in mind the festive season,” adds Brijesh Bhanote, director – sales & marketing, 3C Group. “We hope Reserve Bank will look into the concerns raised over the Repo Rate cut in the next policy review which is a required trigger and encouragement to the real estate sector,” says Mittal. The cut in CRR may not have satisfied the developers, but it has certainly got them to pin their hopes on the next policy review.

Source: http://tinyurl.com/dyb5zm7

 
 
Corporate Links  
Home Area Conversion Calculator
About Us Draft of Legal Documentation
Retail Services Maps
Investment Management Careers
NRI Services Contact Us
Serviced Apartments Customer Care
Resale Buying With Us
Property Rates Our Blog
NRI Section Site Map
EMI Calculator Privacy Policy
Builders    
Amrapali Group Experion Puri Constructions
ATS Ganpati RG
Anant Raj Estate Great Value Saha Groupe
Assotech Gulshan Homz Sobha
Bestech Imperia Spire world
Bhasin Group Jaypee Greens Sunworld
Bptp JM Supertech
Eldeco Logix The 3c Company
Emaar Mgf Nimbus Today
ETT Orris Unitech
Exotica Paras Unnati Fortune Group
Vardhman Wave Inc  
Property in India
Property in Noida
Property in Greater Noida
Property in Yamuna Expressway
Property in Noida Extension
Flats In Noida
Real Estate Noida
Property in Gurgaon
Property in Agra
 
DMCA.com
Copyright 2012 - 2013 Sumangalam Propmart Pvt. Ltd. All rights reserved