Detailed guidelines in this regard are being issued separately, the RBI said in its fourth bi-monthly monetary policy statement. "The RBI's proposal to reduce the minimum risk weightage on individual housing loans for low-cost homes will also help revive sales," said Property consultant CBRE South Asia Chairman and MD Anshuman Magazine said.JLL India Chairman and Country Head Anuj Puri said for the affordable housing sector, "the outlook is nevertheless bright, since the RBI governor has made provisions for lending to this sector to become less stringent and broader in scope".
Lowering of minimum risk weight means that banks will have to set aside less capital for affordable housing loans leading to availability of more funds for the segment.Meanwhile, real estate developers have hailed the RBI's decision to cut key lending rate by 0.5 per cent.
Lowering of minimum risk weight means that banks will have to set aside less capital for affordable housing loans leading to availability of more funds for the segment.Meanwhile, real estate developers have hailed the RBI's decision to cut key lending rate by 0.5 per cent.
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