Gulam Zia: Response to RBI advisory on 80:20 scheme
Gulam Zia- Executive Director - Advisory, Retail & Hospitality- Knight Frank India
"Stopping of the scheme will impact the cashflows of developers. Already worsening liquidity position due to reducing sales will be further deteriorated with the stoppage of the 20-80 scheme. This for sure will have an adverse impact on developers, those developers with deeper pockets can sustain but the rest will have to either look at selling the core assets to bigger developers or reduce the price expectations from home buyers."