Real estate sector welcomes RBI approval of Kamath panel's debt recast plan

The real estate sector, which has seen its worst crisis so far in the midst of the coronavirus (Covid-19) pandemic, says the loan restructuring parameters approved by the Reserve Bank of India (RBI) based on the recommendations of the K V Kamath committee would help the liquidity strapped industry overcome the challenges caused by the pandemic.
 

The committee has selected 26 sectors, including real estate, which will require restructuring based on its analyses of financial parameters hit due to the economic crash caused by the Covid-19 pandemic.
 

“Financial cushion, as a result of the loan restructuring, will improve cash flows