|
|
Article: INDIAN REAL ESTATE DEVELOPERS DISAPPOINTED OVER CREDIT POLICY.
- Article from:
- AsiaPulse News
- Article date:
- October 27, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW DELHI, Oct 27 Asia Pulse - Real estate developers and consultants expressed disappointment over the RBI's (Reserve Bank of India's) credit policy announced on Friday 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 had begun sliding, it was still in double digits, so there was always a fear that additional liquidity could stoke a price rise.
"For me, the availability of credit to developers should be the bigger priority. ...