RBI Real Estate Measures Are Prudent: Keki Mistry
  • Elizabeth George
  • Sep 17 2013

September 17: The RBI has said that, for prudency purposes, banks should not disburse loans upfront to builders but should rather be given as per the stage of construction. HDFC’s Keki Mistry says I don’t see this having too much of an impact on real estate demand in India, where the need for housing will continue to remain strong. “Though a little correction is always possible, you will not see a massive correction in prices,” he says.