• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Tuesday, July 29, 2025
32 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'Historic win': Sachin Tendulkar hails Divya Deshmukh on winning India's first Women's WC

    'Historic win': Sachin Tendulkar hails Divya Deshmukh on winning India's first Women's WC

    'An evening to remember': Gill & Co. present signed bat to Indian High Commissioner in London

    'An evening to remember': Gill & Co. present signed bat to Indian High Commissioner in London

    WCL 2025: India Champions look to end campaign on high

    WCL 2025: India Champions look to end campaign on high

    Pieterson asks fans to back off criticism, says 'you cannot have a pop at Stokes for frustration'

    Pieterson asks fans to back off criticism, says 'you cannot have a pop at Stokes for frustration'

    De Minaur saves 3 championship points to clinch Washington title

    De Minaur saves 3 championship points to clinch Washington title

    Gambhir advocates injury replacements in Tests; Stokes call the idea 'ridiculous'

    Gambhir advocates injury replacements in Tests; Stokes call the idea 'ridiculous'

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

    Sports Min Mandaviya leads ‘Sundays on Cycle’ honouring Kargil heroes

    Sports Min Mandaviya leads ‘Sundays on Cycle’ honouring Kargil heroes

    Fernandez sets summit clash with Kalinskaya in Washington

    Fernandez sets summit clash with Kalinskaya in Washington

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'Historic win': Sachin Tendulkar hails Divya Deshmukh on winning India's first Women's WC

    'Historic win': Sachin Tendulkar hails Divya Deshmukh on winning India's first Women's WC

    'An evening to remember': Gill & Co. present signed bat to Indian High Commissioner in London

    'An evening to remember': Gill & Co. present signed bat to Indian High Commissioner in London

    WCL 2025: India Champions look to end campaign on high

    WCL 2025: India Champions look to end campaign on high

    Pieterson asks fans to back off criticism, says 'you cannot have a pop at Stokes for frustration'

    Pieterson asks fans to back off criticism, says 'you cannot have a pop at Stokes for frustration'

    De Minaur saves 3 championship points to clinch Washington title

    De Minaur saves 3 championship points to clinch Washington title

    Gambhir advocates injury replacements in Tests; Stokes call the idea 'ridiculous'

    Gambhir advocates injury replacements in Tests; Stokes call the idea 'ridiculous'

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

    Tendulkar hails India’s fighting spirit at Old Trafford, backs team for series finale

    Sports Min Mandaviya leads ‘Sundays on Cycle’ honouring Kargil heroes

    Sports Min Mandaviya leads ‘Sundays on Cycle’ honouring Kargil heroes

    Fernandez sets summit clash with Kalinskaya in Washington

    Fernandez sets summit clash with Kalinskaya in Washington

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
Home Main

RBI relief measures for realty: Developers hail move

ENEWSTIME Desk by ENEWSTIME Desk
February 6, 2020 - Updated on July 19, 2025
in Main, Old Archive
COVID19-RBI-offers-more-sops

COVID19: RBI offers more sops

30
VIEWS
Share on FacebookShare on Twitter

RBI has offered major relief measures by easing cash reserve ratio (CRR) requirement of commercial banks for sectors including real estate. automobiles and MSME

ADVERTISEMENT

New Delhi, February 6, 2020 (IANS) The Reserve Bank of India’s (RBI) monetary policy meet on Thursday offered major policy measures to support the slowing real estate sector, drawing applause from sector players.

To boost growth and lift sentiment, the RBI has eased the cash reserve ratio (CRR) requirement of commercial banks for sectors with multiplier-effect, including the residential housing segment. The other sectors which would benefit from the decision are automobiles, and micro, small and medium enterprises (MSME).

Relief in cash reserve ratio (CRR)

“It has now been decided that scheduled commercial banks will be allowed to deduct the equivalent of incremental credit disbursed by them as retail loans for automobiles, residential housing and loans to MSMEs, over and above the outstanding level of credit to these segments as at the end of the fortnight ended January 31, 2020, from their net demand and time liabilities (NDTL) for maintenance of cash reserve ratio (CRR),” said the RBI’s Statement on Developmental and Regulatory Policies.

This exemption will be available for incremental credit extended up to the fortnight ending July 31, 2020.

ADVERTISEMENT

The apex bank also extended the date of commencement of commercial operations of project loans for commercial real estate which have been delayed for “reasons beyond the control of promoters” by another one year without downgrading the asset classification in line with treatment accorded to other project loans for the non-infrastructure sector.

“This would complement the initiatives taken by the government of India in the real estate sector. The detailed instructions will be issued shortly,” the RBI statement said.

The decisions brings a sense of relief for the cash-strapped housing sector. Real estate stocks rose post the announcements.

Developers hail

Market players and experts lauded the decisions. Commenting on the extension of restructuring of project loans by a year, Anuj Puri, Chairman Anarock Property Consultants said: “This is a big move and will bring the much-needed relief to the cash-starved real estate sector and to both developers and the HFCs from the liquidity perspective.”

It will help ease out the time for maintaining and managing cash flows for cash-strapped developers and help them to complete several stuck projects, Puri said, adding, however, that it will not address the other main issue prevailing in the real estate sector – that of continuing low demand.

Ramesh Nair CEO and Country Head, JLL India said: “The RBI’s move today to ease rules for projects delayed for reasons beyond the control of promoters by one year will provide the much-needed elbow room for developers.”

With the lower provisioning requirement for retail loans extended to the housing segment, Shishir Baijal, Chairman and Managing Director of Knight Frank India said that there are hopes that the new measure would translate into lower cost of loans for home buyers as well.

“The encouragement also comes to the development side of the business where the long-standing industry demand for asset classification has been addressed. This will augment liquidity situation for developers too. With these two significant initiatives by the RBI, the real estate sector will hope to make a faster comeback,” he added.

Anshuman Magazine, Chairman and CEO – India, South East Asia, Middle East and Africa at CBRE also praised the accomodative stance of the government.

“The RBI decided to keep the repo rate unchanged at 5.15 per cent and continue with its accommodative stance for as long as necessary to revive economic growth while ensuring that inflation remains within the target. The decision could be attributed to the green shoots of economic recovery in the form of improved index of industrial production and core sector performance,” Magazine said.

According to Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani, the additional liquidity will help in boosting demand in the market in the core sectors of real estate and automobile.

“The move shall also help in completion of stalled projects in the sector and result in increased buyer confidence. However, we were hopeful of an announcement that would directly induce the home buyers to buy homes with a reduced rate of interest,” Hiranandani said.

He, however, added that being an interest sensitive sector, the RBI’s decision to not lower interest rates has come as a disappointment to the real estate industry.

Related Posts

Indo-Pak Tension: How Tripura and NE States Are Supporting Students
Main

Indo-Pak Tension: How Tripura and NE States Are Supporting Students

May 10, 2025
POs-of-Bihar-State-Administrative-Services-visit-Jampui-Hill-under-North-Tripura
Main

POs of Bihar State administrative service tour Jampui Hill during exposure visit

May 8, 2025
Biodiversity-and-Sustainable-Development-Potential-of-Northeast-India
Main

Manipur Guv Highlights Biodiversity and Sustainable Development Potential of Northeast India

April 26, 2025
Tripura-CM-directs-SPs-and-DMs-to-remain-vigilant-about-Pakistani-nationals
Main

Tripura CM directs SPs and DMs to remain vigilant about Pakistani nationals

April 25, 2025
Assam-CMs-veiled-attack-on-Gaurav-Gogoi
Main

Assam CM’s veiled attack on Gaurav Gogoi: ‘One Lok Sabha MP stayed in Pak for 15 days’

April 24, 2025
Tripuras-Aritra-Roy-nears-Everest-Summit
Main

Tripura’s Aritra Roy Nears Mount Everest Summit: A Story of Grit and Glory

April 20, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

‘He acts on behalf of Pakistan’, Assam CM slams Gaurav Gogoi

Nuns arrest: Kerala BJP leader meets Chhattisgarh Dy CM, says things will be clear soon

India Inc’s CSR spending rises 29pc in FY22-FY24, education & healthcare lead: Report

Eating chips, cookies can raise addiction risk akin to substance-use disorders: Study

Mouni Roy on Salakaar: My character isn’t just brave, she’s complicated, conflicted, resilient

Financial discipline drives momentum in Indian real estate sector, bank credit surges: Report

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
    • Old Archive

© 2025 Designed & Developed with ❤️ by Provibe Media LLP