Comments
The real estate industry, going through very tough times, is disappointed over RBI’s move to keep rates unchanged.
Shishir Baijal, Chairman & Managing Director, Knight Frank India, said “As an industry, we are disappointed. Industry needs a fillip in both lowering the cost of funds and increasing liquidity.”
“The only hope now is that the banks transmit more of the 125 bps policy rate cut (in the last one year) at the earliest to the end-consumers. With the Union Budget coming up, I hope there are some sops announced that will give this stressed sector the much-needed impetus to see a turnaround,” he added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.