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Article: Real estate developers disappointed over credit policy.

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PTI - The Press Trust of India Ltd.
Article date:
October 24, 2008
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Real estate developers disappointed over credit policy

New Delhi, Oct 24 (PTI) Real estate developers and consultants expressed disappointment over the RBI's credit policy announced today and has asked the apex bank to infuse more liquidity into the system and to the property sector.

"It's disappointing but understandable," global real estate consultant Cushman and Wakefield Managing Director (South Asia) Sanjay Verma said.

He noted that though inflation has begun sliding, it is still in double digits, so there is always a fear that additional liquidity can stoke a price rise.

"For me, the availability of credit to developer should be ...

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