State Bank of India chief general manager O P Mishra has assured the real estate industry and the builders’ fraternity of all possible support to address various issues concerning them at a meeting with the CCREDAI-Hyderabad.
Key points of the meeting were to:
- Strengthen the relationship between the bank and developers and to discuss issues relating to home loan sanctions, project tie-ups and project funding.
- Favour more meeting with builders and the industry at frequent intervals so that various aspects concerning them could be discussed and action initiated.
- Assurance that other issues which required the intervention of the centre would be taken up.
He said the main points arising out of the COVID-19 pandemic had been addressed to a large extent through relief measures like moratorium on EMIs, charging of simple interest during moratorium period and extending emergency line of credit to builders.