lowest ever prices during the pandemic. Over 1,000 projects have been listed by the NAREDCO Maharashtra members for sale under this scheme.
Key Quotes:
Shri. Shreekant, Chief General Manager, State Bank of India:
“The banking institutions like the State Bank of India are coming forward to lend the real estate sector. The sector is rebounding as the new launches are picking up and with the banking sector, large NBFCs and HFCs realigning their funding strategies, the sector’s cash flow will improve. The Q4 of this fiscal and the Q1 of the next fiscal will be better in terms of liquidity and the demand–supply dynamics.”
Mr. Rajiv Sabharwal, Managing Director & CEO, Tata Capital Limited:
“The funding in the real estate will flow into those projects where there will be sales velocity. If there is enough financial capital in the sector, the entire ecosystem will automatically grow. The sector is witnessing clear signs of revival with the number of factors like liquidity flowing in the sector, low interest rates, transaction cost coming down, developers too stepping in by offering good prices and homebuyers too realizing the importance of owning a home due to the pandemic. Now, the entire industry needs to come forward and assure that the
