RBI eases norms for repaying project loans; relief for realty
Mumbai, Feb. 8 -- After a lackluster Union budget, the ailing real estate market got a boost from the Reserve Bank of India (RBI) with its decision to allow banks to extend commencement of commercial operations of project loans by another year. Developers expect the move by the apex body would bring relief to the cash starved developers and ease the liquidity crunch to an extent....
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