Prime Minister’s Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is “more potent” than a cut in interest rate and it will help banks expand credit portfolio.
When the Reserve Bank of India (RBI) was to announce its annual monetary policy for 2012-13 on 17th April, there were widespread concerns of slowing economy, rising inflation, trade deficit of 4 per cent of GDP and drying FDI too emerging as a grace concerns
Cash-strapped builders have been hoping for all and any Government interventions which can help boost their sales volumes. This GST cut will provide such a boost, at least in the short-term as more fence-sitters who had been postponing their purchase decisions now have an additional incentive to take the plunge.
Track2Realty-Agencies: Real estate players and analysts on Tuesday welcomed the Reserve Bank’s move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
The real estate industry today expressed hope that a part of Rs 17,000-crore worth liquidity infused by RBI into the financial system would flow into the realty sector.
The RBI, on Tuesday, July 31, kept the repo rate or the rate at which banks borrow from RBI unchanged at 8% and also the reverse repo rate at which, the banks lend to RBI unchanged at 7%. However, it has lowered the statutory liquidity ratio (SLR) to 23% from 24% earlier. The realty sector, reeling under liquidity pressure and low demand due to high interest rate, has reacted sharply over this status quo.
Real estate developers rallied on Tuesday, April 3, as some banks have cut home loan rates for new borrowers, sparking hope of increased property sales in the country.
Corporate governance is a core principle that cuts through the entire value chain of Puravankara, claims Abhishek Kapoor, CEO of Bengaluru-based company. In an exclusive interview with Track2Realty, he shares how transparency, integrity and respect are central to the company’s internal and external stakeholder relationships. Puravanakara has also established a strong ESG framework that guides the decisions as a business and a responsible corporate citizen. Excerpts of the interview:
The pandemic has led to the greatest debate of all time – do people even need an office and if so, what do they want? The Executive Centre (TEC), the flexible workspace provider across Asia Pacific and the Middle East, has launched the “What Is An Office” campaign, which examines the elements that make up a dynamic, productive workspace.
There is no denying that the world has changed for the real estate in this part of the market. Of course, there are acceptances with degree varying, denials and even reluctance to adapt to the new normal. However, what can’t be argued is the fact that the market forces are clearly signaling the paradigm shift from the existing denial & resistance to change.