Saturday, December 6, 2008

Cut in interest rate for both developers and home buyers is the first and strongest demand

Indian Bailout Package - Demands:

1) Cut in interest rate for both developers and home buyers
2) Infusion of liquidity - more credit for the realty
3) Re-schedule loans by at least one year
4) Restore 80 I B of the Income Tax Act
5) Reduce the risk weightage of real estate from 150 to 100
6)Force reluctant banks to lend to real estate sector!
indianrealtynews

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1 comment:

  1. why rate cut why not price drop?

    If stock drops, its ok even if genuine investors loose, but real estate prices shouldn't drop because those stupid builders will have to give back all they loot!

    ReplyDelete