.............“The RBI’s negative perception of lending to the housing projects as being risky will also be dispelled, making it easy for accessing formal funding,” adds Dutt. “Basically, the bill will change the way in which funding is being approached, as it will require the developers to invest their own capital and launch only those projects that are well-funded, along with time-bound construction plans in place. Of course this is a quantum shift which may take time to settle in as a process.”...........
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