GRAB (Global Realty Bytes)
  • Home
  • Features
    • Features

      Independence Day special: Rediscovering freedom the real estate…

      August 14, 2020

      Features

      RBI Monetary Policy Highlights- Impact on Real Estate

      August 6, 2020

      Features

      All you need to know about site visits…

      July 15, 2020

      Features

      From walk-to-work to work from home: Impact on…

      July 2, 2020

      Features

      Will COVID-19 re-define the co-working business?

      June 8, 2020

  • News
    • News

      Karnataka Assembly Passes Bill to Slash Stamp Duty…

      September 23, 2021

      News

      SBI Introduces New Offers on Home Loan

      September 18, 2021

      News

      Embassy Office Parks REIT Successfully Raised Rs 300…

      September 10, 2021

      News

      Property Registrations Decline in the month of August…

      September 1, 2021

      News

      South Delhi Civic Body Now Allows Online Sanctions…

      August 23, 2021

  • Buy & Sell
    • Buy & Sell

      2020 looks promising for Gurgaon property market

      April 2, 2020

  • Real Insights
    • Real Insights

      Top 6 Reasons to Invest in Real Estate…

      April 8, 2020

      Real Insights

      Top 5 cities in India for 2BHK Flats

      March 26, 2020

  • Video
    • Video

      Shriram Earth Off Mysore Road Bangalore

      April 11, 2020

      Video

      Shriram 107 Southeast Off Hosur Road Bengaluru

      April 11, 2020

      Video

      Godrej Nirvaan Thane Extension Mumbai

      April 11, 2020

      Video

      Mumbai most popular city for 1 and 2BHK…

      April 10, 2020

      Video

      VTP Codename Pegasus Kharadi Pune

      April 9, 2020

  • Expert Corner
    • Expert Corner

      Commercial segment might see a U-shaped recovery in…

      May 26, 2020

GRAB (Global Realty Bytes)
  • Home
  • Features
    • Features

      Independence Day special: Rediscovering freedom the real estate…

      August 14, 2020

      Features

      RBI Monetary Policy Highlights- Impact on Real Estate

      August 6, 2020

      Features

      All you need to know about site visits…

      July 15, 2020

      Features

      From walk-to-work to work from home: Impact on…

      July 2, 2020

      Features

      Will COVID-19 re-define the co-working business?

      June 8, 2020

  • News
    • News

      Karnataka Assembly Passes Bill to Slash Stamp Duty…

      September 23, 2021

      News

      SBI Introduces New Offers on Home Loan

      September 18, 2021

      News

      Embassy Office Parks REIT Successfully Raised Rs 300…

      September 10, 2021

      News

      Property Registrations Decline in the month of August…

      September 1, 2021

      News

      South Delhi Civic Body Now Allows Online Sanctions…

      August 23, 2021

  • Buy & Sell
    • Buy & Sell

      2020 looks promising for Gurgaon property market

      April 2, 2020

  • Real Insights
    • Real Insights

      Top 6 Reasons to Invest in Real Estate…

      April 8, 2020

      Real Insights

      Top 5 cities in India for 2BHK Flats

      March 26, 2020

  • Video
    • Video

      Shriram Earth Off Mysore Road Bangalore

      April 11, 2020

      Video

      Shriram 107 Southeast Off Hosur Road Bengaluru

      April 11, 2020

      Video

      Godrej Nirvaan Thane Extension Mumbai

      April 11, 2020

      Video

      Mumbai most popular city for 1 and 2BHK…

      April 10, 2020

      Video

      VTP Codename Pegasus Kharadi Pune

      April 9, 2020

  • Expert Corner
    • Expert Corner

      Commercial segment might see a U-shaped recovery in…

      May 26, 2020

Features

RBI Monetary Policy Highlights- Impact on Real Estate

by GRAB.com Bureau August 6, 2020
written by GRAB.com Bureau August 6, 2020
RBI Monetary Policy Highlights- Impact on Real Estate

The Reserve Bank of India announced a few positive measures for the real estate sector, that has been reeling under a COVID-induced liquidity crunch. These decisions were announced in the 24th Bi-monthly meeting of the RBI held today.

The repo rate, however, was decided to be kept unchanged at 4%, which is already at its lowest since 2000. The reverse-repo rate was maintained at 3.35%.

One-time restructuring of Loans

What bought a sense of relief to the real estate sector was the call to allow lenders to provide a one-time restructuring of loans without classifying them as NPAs. This would be applicable to companies, individuals and MSMEs and an expert committee helmed by K V Kamath would be constituted for the same.

Commenting upon this, Amit Modi, President (Elect) CREDAI Western UP and Director ABA CORP, says, “Market experts predicted a repo rate cut by 25bps in today’s announcement by RBI, but fortunately the longing demand from the real estate sector of loan restructuring was declared. With consumer confidence low due to the ongoing pandemic situation, and real estate sector going through a period of strife, we appreciate the government’s efforts and keen eye to look into initiatives that will help us in generating more demand in the market as well as in helping millions of first time homebuyers to realize their dream.  Loan restructuring will strengthen the real estate outlook for developers in the coming years and pave way for a consistent growth.”

Rs 5,000 Crore fund for the National Housing Bank (NHB)

Another key announcement that has given a ray of hope to many stakeholders in the sector struggling for last mile financing is the decision to infuse Rs 5000 Crore into NHB. Talking about the ground level execution of these decisions, Pradeep Aggarwal, Founder & Chairman – Signature Global Group, adds, “It was an expected move by the RBI to keep the repo rate unchanged and it is commendable that it is doing its part to ensure that the economy stays on the right path. However, the banks have not yet passed on the benefits to the consumers. Banks need to extend the benefits to the real estate sector which would aid several allied industries attached to it too.”

The first half of 2020 saw the real estate sector grapple with negligible sales and limited new launches. With the continues measures being announced by the government, the sector is expected to gradually pick up pace towards the beginning of 2021.

Post Views: 234
COVID19CREDAIMonetary PolicyRBIreal estate
0 comment
0
FacebookTwitterPinterestLinkedinTumblrRedditWhatsappEmail
GRAB.com Bureau

previous post
Central Government plans to sign agreements under ARHC Scheme
next post
Canara Bank slashes MCLR by up to 30 bps across various tenors

You may also like

Independence Day special: Rediscovering freedom the real estate...

August 14, 2020

All you need to know about site visits...

July 15, 2020

From walk-to-work to work from home: Impact on...

July 2, 2020

Will COVID-19 re-define the co-working business?

June 8, 2020

Will lower repo-rates and need for home ownership...

June 2, 2020

Impact of RBI’s rate cut and extended moratorium

May 22, 2020

Why should you invest in 10:90 scheme?

May 20, 2020

FM Nirmala Sitharaman announces major relief for real...

May 14, 2020

How will commercial real estate evolve in the...

May 10, 2020

Force Majeure in real estate: All you need...

April 20, 2020

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Karnataka Assembly Passes Bill to Slash Stamp Duty by 2% on Flats Below ₹45 Lakhs

    September 23, 2021
  • SBI Introduces New Offers on Home Loan

    September 18, 2021
  • Embassy Office Parks REIT Successfully Raised Rs 300 crore Through NCD Issue

    September 10, 2021
  • Property Registrations Decline in the month of August in Mumbai

    September 1, 2021
  • South Delhi Civic Body Now Allows Online Sanctions of Building Plans

    August 23, 2021

Categories

  • Buy & Sell
  • Expert Corner
  • Features
  • Media Coverage
  • News
  • Politics
  • Real Insights
  • Video

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Social Networks

Facebook Twitter Instagram Linkedin Youtube Email RSS

About Grab

Global Realty Bytes (GRAB) is an online forum & social media platform for real estate investors, enthusiasts & industry professionals. Through its user generated discussion threads, GRAB offers comprehensive & distinct content decoupled with any sort of partiality.

Facebook Twitter Instagram Linkedin Youtube RSS

Video

  • Shriram Earth Off Mysore Road Bangalore

    April 11, 2020
  • Shriram 107 Southeast Off Hosur Road Bengaluru

    April 11, 2020
  • Godrej Nirvaan Thane Extension Mumbai

    April 11, 2020

News

  • Karnataka Assembly Passes Bill to Slash Stamp Duty by 2% on Flats Below ₹45 Lakhs

    September 23, 2021
  • SBI Introduces New Offers on Home Loan

    September 18, 2021
  • Embassy Office Parks REIT Successfully Raised Rs 300 crore Through NCD Issue

    September 10, 2021
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Home
  • Contact Us
  • Privacy Policy
  • Feed
  • About Us

© Global Realty Bytes | 2020