……..…The RBI's move is an attempt to introduce an additional lever to ensure that the buyer does not overstate the realizable value of the property. This is an important metric for banks in the event that the borrower defaults. But developers say such riders will choke the industry's growth. "We are totally directionless. Does the RBI want to promote housing or kill the industry? RBI's latest move will persuade customers to defer home purchases,"……..
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