Mumbai: RBI is about to welcome a new governor and CREDAI is equally enthusiastic about welcoming him. Raghuram Rajan the new RBI governor had been welcomed by the developers’ apex body Chairman, Lalit Kumar Jain. Jain, who is also the CMD of Kumar Urban Development Ltd, urged the new governor to keep the stakeholder’s interests in mind and be more consultative with them before making any important policies relating to the Indian real estate industry.Mr Jain is hopeful that with his expertise in the economic field, Mr Rajan will be more inclined on making things easier for the real estate sector to encourage its growth. Easing of restrictions and practical policy making would help in mass development of affordable housing.The RBI’s circular to discontinue the 80:20 scheme loans for under construction projects has caused quite a turmoil in the real estate sector and is largely being viewed as an unnecessary setback for the sector. Many are of the opinion that advising banks to discontinue such established practices will only end up harming business sentiments. It will lead to negative effect on consumers and also cause project delays.Mr Jain pointed out that not only does the real estate sector contribute to 6% of the country’s GDP, it also supports more than 400 allied industries. As a result real estate is a major factor that can spearhead the country’s growth if supported with positive policies. Real estate is also a sector that generates considerable employment opportunities which ultimately affect the country’s economy. Therefore for the overall good of the economic status of the country, the real estate sector must be revived.Mr Jain said, “We urge the new Governor to introduce industry-friendly policies that will benefit not only the realty sector but also the end consumers.”займ на карту без отказов круглосуточновзять кредит онлайн