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    Other banks are expected to follow suit.RBI's 35 bps rate cut is only marginal, especially so for the real estate sector. The NBFC liquidity crisis has severely choked credit availability for the industry, especially developers, as they struggle to raise even construction finance, said Shishir Baijal, chairmanandmanaging director, Knight Frank India.Ramesh Nair, CEO Country Head, JLL India, felt that in tandemwith interest rate reductions, improved market sentiments due to the tax deduction schemes, modified tenancy laws, focus on implementation of PMAY, and the investment in infrastructure announced in the Union Budget 2019 20may combineto boost sales in the residential segment.Moreover, credit re structuring measures such as the introduction of repo linked loans by some banks couldsway purchase decisions of home buyers while enhancing transparency.

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