The measure would provide a boost to the ongoing projects

Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd on today’s RBI announcement –

“Today’s RBI announcement of rationalizing risk weightage on home loans is a targeted intervention and comes at a time when the property sector is making a significant recovery across all the segments. The measure would provide a boost to the ongoing projects and inventory pick up for luxury developers. The homebuyers across all price-points will be able to access more capital with ease. Additionally, it would help the lender on the capital adequacy front and enable them to provide more loans. We expect RBI to extend the measure beyond March 2022 in the coming days.”