{"id":29493,"date":"2014-08-08T11:03:36","date_gmt":"2014-08-08T05:33:36","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=29493"},"modified":"2020-06-15T03:12:26","modified_gmt":"2020-06-14T21:42:26","slug":"29493-realty-developers-welcome-rbis-act-to-cut-statutory-liquidity-ratio","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/29493-realty-developers-welcome-rbis-act-to-cut-statutory-liquidity-ratio\/","title":{"rendered":"Realty Developers Welcome RBI\u2019s Act to Cut Statutory Liquidity Ratio"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/08\/RBI1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29494\" alt=\"RBI\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2014\/08\/RBI1.jpg\" width=\"300\" height=\"250\" \/><\/a>New Delhi:\u00a0<\/strong> Real estate developers as well as property consultants are satisfied with the new move of Reserve Bank of India (RBI) to bring down the Statutory Liquidity Ratio (SLR).\u00a0 According to RBI, this initiative would allow the banks to lend more finance to the industrial sector and also the real estate sector that is facing shortage of cash. However, the property developers have requested to relieve the interest rate for improving the residential sector.RBI declared to keep the prime policy rate same but decrease the SLR by 0.5 %.\u00a0 This will bring about Rs. 40,000 crore in the system.This proposal of RBI will give more opening to lend money, however developers think the anticipated drop in SLR would have been more beneficial for the current realty scenario.According to the Country Head and Chairman of JLL India, a renowned property consultant, the extra funds distributed to the commercial banks with decreased SLR rates will be favorable for both infrastructure and real estate sector.\u00a0 The realty segment may have to wait for more time, to enjoy the decrease in the interest rates. The developers would be alert in the approaching festive season.\u00a0 According to their opinion, once the interest rates come down, there may be fresh demand for housing and the leading realtors would intensify their launches.As per the experts, low and steady price rise is essential precondition for any alteration in the rates. One of the reputed realty company said that since inflation remains the prime target, RBI has planned to keep the rates unaffected. Thus, homebuyers cannot expect instant relieve in the home loans.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi:\u00a0 Real estate developers as well as property consultants are satisfied with the new move of Reserve Bank of India (RBI) to bring down the Statutory Liquidity Ratio (SLR).\u00a0 According to RBI, this initiative would allow the banks to lend more finance to the industrial sector and also the real estate sector that is [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-29493","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Realty Developers Welcome RBI\u2019s Act to Cut Statutory Liquidity Ratio -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/29493-realty-developers-welcome-rbis-act-to-cut-statutory-liquidity-ratio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realty 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