[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
RBI's restructuring circular, where a borrower can approach the lender and request a loan
restructure will help in maintaining confidence in the market, according to real estate
"The second wave of the Covid-19 outbreaks has affected the individual borrowers immensely.
Many of the borrowers will not be able to begin paying their EMIs on schedule. Now they
can approach the lender and request a loan restructure without affecting their credit rating
based on the RBI's restructuring 2.0 circular,” said Uddhav Poddar, MD, Bhumika Group.
Akshay Taneja, MD, TDI Infratech said that RBI's steps are unlikely to provide a significant
lift to the market, but they are expected to provide downside support and enhance investor
“It would have been useful to implement broader relief efforts directed at mid-corporate and
big borrowers and businesses highly affected by the pandemic, such as real estate and
hospitality,” said Taneja.
Real estate developers are expecting a sector specific relief from the government.
Read more at:
Have a nice day