Relief for Real Estate Industry

By Piyush Gupta, Managing Director, Capital Markets (India), Colliers International “In continuation of policy initiatives to infuse more liquidity in Financing Companies, there is a new window for borrowing up to INR30,000 crores by NBFCs/HFCs/ MFIs which will be Guaranteed by the Government and further INR45,000 crores under partial guarantee scheme will infuse credit to Real Estate Sector. Consistently, the Government and RBI have been taking significant steps to solve liquidity issues of Financing companies and Real Estate. Further, extension of RERA time lines beyond lockdown period by six months will be a relief to Developers who are not defaulting on Project completion time lines”.