The breather for capital starved housing sector has come in, in the form of Reserve Bank of India’s decision to ease External Commercial Borrowing norms for housing. Developers across India are indeed happy with the development. According to Rohit Poddar, Managing Director, Poddar Developer, this is a positive development which will enable Companies in the affordable housing sector to raise cheaper debt by 3%-4% p.a. “It will be important to ensure that the policy is non-cumber some to execute as many of the developers in the affordable housing sector are from the SME Sector,” he said.........
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SIMULTANEOSLY,THE NEED FOR TAKING ADEQUATE STEPS FOR PROTECTING THE INTERESTS OF BUYERS OF HOUSING ACCOMMODATION IS ALSO EQUALLY IMPORTANT.
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