RBI Monetary Steps Are Intended Controlling Property Costs

RBI Monetary Steps Are Intended Controlling Property Costsproperty and Realty consultant’s today said that RBI monetary steps are intended for controlling property costs, that have increased greatly in major cities, however believe that increasing housing supply alone may stop the creation of property bubble.

Realty firms and property experts are of the view that Reserve Bank’s determination to improve provisioning for teaser house loans as well as loans of Rs seventy five lakh or even more would n’t have any effect on property need as well as costs.

“Reserve Bank’s considers this kind of steps will control costs. In our view, costs is able to be managed through increasing the supply,” the nation’s biggest real estate company DLF Executive Director Rajeev Talwar said.

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