New Delhi, March 27, 2020: “Reduced repo rate by 75 bps and deferring loan repayment for three months is definitely a welcome move by RBI and the Government. This will allow commercial banks and NBFC’s including housing finance companies, ease the burden on real estate companies. However, there will not be much enhancement in the real estate market. Residential market has seen a downward trend with many of them likely to postpone the purchases. Commercial real estate as well might see some changes in the coming months.”
Corporate Comm India (CCI Newswire)
