Against the backdrop of banks showing reluctance to provide loan to real estate, RBI said it has been following a cautious policy to ensure sustainability and viability of the housing sector. “Our main focus is to maintain macro-economic stability. If there is macro-economic stability, if there is lower inflation, and if there is no asset price bubble, obviously interest rates will come down and houses will be affordable,” RBI Deputy Governor H R Khan said. He said RBI would ensure that the housing sector remains sustainable and viable over a long period of time. “Our approach has been to see that the whole sector becomes de-risked,” Khan added........
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