Commenting of the first quarter review of RBI's Credit Policy, Mr. Gaurav Jain (Head-Finance), M3M India Limited says, "We expected some rate cuts from the first quarter review by RBI, however RBI kept the key rates unchanged. The central bank, instead, has reduced the SLR by 1%, bringing it to 23%. Had RBI coupled the reduction in SLR by a cut in any of the key rates, it would have impacted the liquidity significantly on ground level and would have highly impacted the sentiments in the market. We need to understand that the inflation today is not due to high demand, but supply constraints which lead to continuous increase in the input costs including the cost of funds. The need of hour is to ease liquidity in the market which can pull down pressure on working capital. This can be achieved not only with the monetary measures, but some bold amendments in the fiscal policy as well. For the Real estate sector in
particular which is highly sentiment driven and heavily dependent on Housing Loan, any decrease in interest rate helps buyers to manage their cash flow. At one hand RBI increases inflation forecast from 6.5% to 7% and on the other hand it allows minimal scope to curb it down. We appeal to the apex bank and to the Union Government to work on eliminating the supply side bottleneck. We hope to see some positive steps in the near future."Notes to EditorM3M India Ltd., the 21st century visionary real estate developer, proposes to be the creator of idyllic high-end city developments in the country by building classic designer projects. Established under the futuristic leadership of Mr. Basant Bansal, Chairman & Managing Director, with the valuable support of his brother Mr. Roop Bansal, Director, M3M Group Stands for Magnificence in the trinity of Men, Materials & Money. M3M India Ltd. is poised to achieve the core distinguishing factors within the Indus
try,
which are its innovative, unique & unparallel concepts, multi dimensional reality solutions, and unmatched high service standards. Showing its commitment towards developing state- of-art real estate masterpieces, M3M has always strived to garner the best talent in the industry. Apart from its Ultra Luxury Residential Project, M3M Golf Estate the Group's latest commercial venture, M3M URBANA is "California-like" in design with the consumer friendly retail spaces and sophisticated ffice spaces that resemble "Manhattan", at a prime locale of Gurgaon. M3M Group has launched M3M COSMOPOLITAN, one of India's finest retail and commercial hubs in Gurgaon. The project is designed using a unique architectural philosophy that will redefine Gurgaon's retail and commercial landscape that will rival some of the world's best retail avenues. M3M Merlin was successfully launched - A Singapore style residential complex, in the heart of Gurgaon. Another feather in its cap that wil
l add
to its reputation in producing world class projects. With an aim to create designer living in India, M3M brings limited editions of Luxurious M3M Polo Suites with international look and feel. The company has gained valuable experience in the real estate sector with diverse and complimentary talents from a rich network of top notch intermediaries, financial institutions, high-net worth individuals and some of the most reputed developers in India.Read more on IndiaPRwire.com
particular which is highly sentiment driven and heavily dependent on Housing Loan, any decrease in interest rate helps buyers to manage their cash flow. At one hand RBI increases inflation forecast from 6.5% to 7% and on the other hand it allows minimal scope to curb it down. We appeal to the apex bank and to the Union Government to work on eliminating the supply side bottleneck. We hope to see some positive steps in the near future."Notes to EditorM3M India Ltd., the 21st century visionary real estate developer, proposes to be the creator of idyllic high-end city developments in the country by building classic designer projects. Established under the futuristic leadership of Mr. Basant Bansal, Chairman & Managing Director, with the valuable support of his brother Mr. Roop Bansal, Director, M3M Group Stands for Magnificence in the trinity of Men, Materials & Money. M3M India Ltd. is poised to achieve the core distinguishing factors within the Indus
try,
which are its innovative, unique & unparallel concepts, multi dimensional reality solutions, and unmatched high service standards. Showing its commitment towards developing state- of-art real estate masterpieces, M3M has always strived to garner the best talent in the industry. Apart from its Ultra Luxury Residential Project, M3M Golf Estate the Group's latest commercial venture, M3M URBANA is "California-like" in design with the consumer friendly retail spaces and sophisticated ffice spaces that resemble "Manhattan", at a prime locale of Gurgaon. M3M Group has launched M3M COSMOPOLITAN, one of India's finest retail and commercial hubs in Gurgaon. The project is designed using a unique architectural philosophy that will redefine Gurgaon's retail and commercial landscape that will rival some of the world's best retail avenues. M3M Merlin was successfully launched - A Singapore style residential complex, in the heart of Gurgaon. Another feather in its cap that wil
l add
to its reputation in producing world class projects. With an aim to create designer living in India, M3M brings limited editions of Luxurious M3M Polo Suites with international look and feel. The company has gained valuable experience in the real estate sector with diverse and complimentary talents from a rich network of top notch intermediaries, financial institutions, high-net worth individuals and some of the most reputed developers in India.Read more on IndiaPRwire.com
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