Comments of Mr. David Walker, Managing Director SARE Homes on RBI Credit Policy

Comments of Mr. David Walker, Managing Director SARE Homes on RBI Credit Policy:

“RBI, in its review today has played very cautiously by just cutting SLR by 50 bps and not touching key rates. The real estate industry welcomes the move, but we hope that the RBI would relax its monetary policies in the near future which can boost sales in the market. We also hope that the government would announce some reformatory measures in terms of tax in the upcoming Union Budget to instil confidence among the customers."