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Shishir Baijal Chairman & MD, Knight Frank India
“The broader effects of this move will help the sector grow in the long run. Firstly, it will create a level-playing field amongst all stakeholders in the sector. Institutional funding to developers which till present day came with a higher risk weightage is bound to see some softening with the increased transparency. Prices coming down to more reasonable levels in the residential property market cannot be ruled out.”
Shishir Baijal Chairman & MD, Knight Frank India
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