Restructuring move by RBI provides breathing space to real estate borrowers.

Restructuring move by RBI provides breathing space to real estate borrowers. With a vision to boost demand in the Real estate sector there has been revision in the policy rate by RBI. In wake of high inflammation this decision by RBI is looked upon as breathing space. The decision to extend a one-time restructuring term loans with up to 2 years moratorium will work wonders for hassled real estate developers or individual borrowers in housing segment. Restructuring of loans will be on the basis of recommendation of expert committee steered by KV Kamath said the Central Bank. During this time of restructuring of loans there won’t be classification of Nonperforming assets. The Central Bank has further went on and announced further monetary infusion to the tune of Rs 5000 crores to National Housing Board with a hope to provide some relief during time of crisis. Many builders and developers are seeing this framework and flexible repayment scheme as much-needed relief to resume operations smoothly. The superior finance flow is also seeing for real estate developers to complete in stalled projects. In first half of 2020 there was decline in real estate even the launches declined by 46% but new measures are bringing in new hope in real estate segment. Attachments area