RERA Com­pli­ance Must for Real­tors to Avail Loans

The Economic Times - - Front Page -

Banks, in con­sul­ta­tion with the RBI, have de­cided not to ex­tend loans to those projects which have not been reg­is­tered un­der RERA, re­port Saloni Shukla & Kailash Babar. “We have to look for some se­cu­rity mech­a­nism... we have de­cided not to ex­tend credit to such projects,” said a bank of­fi­cial.

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