Ashish Jain, Partner, Cyril Amarchand Mangaldas
“Lack of liquidity has been one of the most critical issues facing the real estate sector, even before the pandemic. Any measure to boost liquidity is, therefore, a welcome move. Specifically, the ability granted to NBFCs to extend loans to real estate projects by one year is expected to go a long way in mitigating the stress in the sector. Of course, the relief measures will need to be constantly revisited, depending on how soon the market can return to normal functioning.”
