Khetsi Barot, Director, The Guardians Real Estate Advisory shares views post RBI policy

“Commercial Real Estate needs support on the liquidity front to ensure smooth sailing across the year of 2020. With the RBI maintaining a status-quo, much more is expected from the government to ensure liquidity to this category. Ensuring banks allow commercial property developers additional time to meet repayment obligations, without downgrading the asset class, in case a project gets delayed for reasons beyond their control. The industry has been demanding a single-window clearance, till such time that the same is not put into effect, allowing commercial projects an extension of at least a year for the date of commencement and availing of the project loans should be looked at. Announcing exemption of rent from, any one of the owned commercial office of 500-1000 sq ft or GST rebate on such a property could go a long way in luring investors and helping fuel demand."