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“In line with the recent initiatives of the government as well as the RBI to push for growth in infrastructure and real estate – specifically affordable housing – the additional funds allocated in the hands of commercial banks through a SLR (Statutory Liquidity Ratio) cut is positive for both these sectors. The investment cycle is picking up, as is evidenced by the recent Index of Industrial Production (IIP) and Purchasing Managers’ Index (PMI) numbers. Therefore, banks’ willingness to lend the excess liquidity generated to these priority sectors is likely to be high. As far as interest rates are concerned, the real estate sector will have to wait a little longer for a rate cut” says Chairman & Country Head, JLL India.

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