RBI approves relief measures for real estate SMEs

06 May 2021 CW Team

The Reserve Bank of India (RBI) has announced additional Covid-19 relief measures for real estate service providers amid lockdowns announced by states due to the second wave of Covid-19.

RBI has recognised difficulties faced by individual, small and medium enterprises due to the lockdown, and provided ‘Resolution 2.0’ measures for restructuring loans to small borrowers up to Rs 25 crore.

The apex bank’s announcements are aimed to provide relief to real estate-linked small and medium (SME) players, especially contractors and suppliers of input material for the sector.

Due to the recent lockdown restrictions in various states, cash flows have been partially impacted. The working capital review will also help these stakeholders to tide over their liquidity issues, experts said.

To mitigate the pandemic-related stress, initiatives like special long-term repo operations for small finance banks are announced for on-lending to individual borrowers. This may help the smaller entrepreneurs, capital markets and Investment Services (India).

Resolution Framework 2.0, under which individuals and small businesses and Ministry of Micro, Small and Medium Enterprises (MSMEs) are having exposure up to Rs 25 crore, can opt for loan restructuring if they had not availed the earlier scheme, said RBI.

Image Source

Also read: Govt provides relief in GST timelines to businesses hit by Covid-19

Also read: Covid-19 second wave: State govts offer assistance to construction workers

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..