SC Rejects Plea to Extend Loan Moratorium Period : Anuj Puri, Chairman - ANAROCK Property Consultants

The Supreme Court’s rejection of the plea from various trade associations and corporate bodies to extend the six-month loan moratorium period given by the RBI may not have a major impact on real estate as such. As noted, towards the end of 2020 the overall percentage of those who availed the loan moratorium benefit was not as significant as anticipated. Moreover, continuing the loan moratorium for retail investors is not as beneficial as switching to the prevailing lowest-best home loan rates.

Banks have their limitations in their ability to extend this benefit as ultimately, it will impact overall business and profitability.

The last two two quarters – Q4 2020 and Q1 2021 – have seen robust housing sales wherein many buyers have been capitalizing on tge low home loan rates, government sops and developer discounts.

Anuj Puri, Chairman - ANAROCK Property Consultants- 3/23/2021 1:41:48 PM


4 Years on, RERA Registers 63,583 Projects, Disposes of 65,539 Complaints

Out of this, nearly 40% cases (approx. 26,510 complaints) were resolved in Uttar Pradesh alone, foll.....

read more