Posts tagged with RBI Governor

Heavy Lifting By RBI To Revive Economy
May 2020 , by in Realty+ Connect

Nish Bhatt, Founder & CEO, Millwood Kane International “In a surprise move RBI's rate setting committee - the MPC met off cycle from May 20-22 andannounced a slew of measures in light of subdued economic situation. This is the second timethat the MPC met off cycle. Like global central banks... Read more...

Banks Need To Reduce Lending Rate
May 2020 , by in Realty+ Connect

Manoj Gaur, MD, Gaurs Group and Chairman, Affordable Housing Committee, CREDAI (National) The latest 40 basis point reduction and the earlier rate revisions by RBI are a welcome move for sure which should help the real estate borrower in the long run if passed on and implemented by all banks and ... Read more...

One-Time Restructuring Of Loans Needed
May 2020 , by in Realty+ Connect

Uddhav Poddar, MD, Bhumika Group We welcome the further reduction of policy rates by 40 basis points announced today, with this round of reduction the lending rates are like to be at the lowest in 10-15 years. The extension of loan moratorium by another 3-months will help a vast majority of peopl... Read more...

We Welcome The Prudent Step
May 2020 , by in Realty+ Connect

Ankit Kansal, MD & CEO, 360 Realtors The RBI measures to reduce the repo rate & reverse repo rate is in continuation of the govt. policies to build liquidity & enhance its circulation in the system. The Real Estate welcomes the prudent step. It will help in managing supply-side bottle... Read more...

A Major Step In The Right Direction
May 2020 , by in Realty+ Connect

Dhruv Agarwala, Group CEO, Housing.com, Makaan.com and Proptiger.com With a view to supporting the economy in general and real estate in particular in the wake of Covid-19, the government has in the recent past made a series of announcements. The RBI decision to further reduce the repo rate t... Read more...

A Welcome Move For The Indian Economy
May 2020 , by in Realty+ Connect

Lincoln Bennet Rodrigues, Founder and Chairman, Bennet & Bernard Group   Today’s rate cuts along with the further extension of loan moratoriums by 3 months is definitely a welcome move and will benefit the real estate sector in the near future. It will enable banks to lend even more... Read more...

Home Loan Rates Lowest In 15-Years
May 2020 , by in Latest News, News/Views

The RBI's announcement is good news for homebuyers as interest rates will come down to around 7%. For existing borrowers, SBI’s interest rates on home loan up to Rs 30 lakh will automatically come down to 7% from the existing 7.4%. For women borrowers, the rates would be further lowered by 5bps. H... Read more...

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