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Project fraternity shares view post RBI Policy announcementTanuj Shori – Chief Executive officer, Square Yards

The linking of risk weightage only to Loan to Value (LTV) ratio vis-a-vis the earlier practice of risk weightage with both pricing and LTV augurs well for the sector particularly for high-end properties which have been facing severe downward demand pressures. High-value loans are expected to get cheaper with rationalisation of associated risk weightage. The increase of retail exposure from Rs 5 crore to Rs 7.5 crore will help individuals and small businesses alike and it would help the real estate sector in general.

Bhushan Nemlekar – Director, Sumit Woods

“The RBI Policy decision is in the right direction. I feel now with the upcoming festive season, banks will offer better rates to the customers for housing loans. We hope that the bank takes cue from RBI’s accommodative stance and passes on the benefit to the home loan buyers.”

Kamal Khetan – Chairman and Managing Director, Sunteck Realty

“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.”

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