Profit

RBI red flags 20:80 schemes

PUBLISHED ON: September 4, 2013 | Duration: 4 min, 00 sec

  
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The Reserve Bank of India bank wants banks and home buyers to be wary of lucrative schemes like 20:80 being offered by builders to push sales. What are the central banks apprehensions and what does it mean for the real estate sector already reeling under sluggish sales and poor cash flows?
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