Rajan On Property Prices

Piling inventory levels of real estate players in the country on Thursday brought the controversial 'teaser loans' back into focus, with State Bank of India asking the Reserve Bank of India to allow lenders to sell loans below the base rates.

Reserve Bank Governor Raghuram Rajan on Thursday made a case for reduction in property prices given the high inventory of unsold flats across the country.

Reserve Bank Governor Raghuram Rajan on Tuesday said property prices in the country are not frothy barring a few pockets. Leave aside Aurangzeb Road and Malabar Hill from calculation and property prices appear to be reasonable, he added.

Piling inventory levels of real estate players in the country on Thursday brought the controversial 'teaser loans' back into focus, with State Bank of India asking the Reserve Bank of India to allow lenders to sell loans below the base rates.

Reserve Bank Governor Raghuram Rajan on Thursday made a case for reduction in property prices given the high inventory of unsold flats across the country.

Reserve Bank Governor Raghuram Rajan on Tuesday said property prices in the country are not frothy barring a few pockets. Leave aside Aurangzeb Road and Malabar Hill from calculation and property prices appear to be reasonable, he added.