Foreign debt flows like ECBs have become a big source for getting easy funds, especially in the real estate sector.. Because all-in costs including hedge costs through the ECB route works out to be less than 10 percent against the 13-15 percent prevailing in the open market and banks
At present, the supply of low cost housing is low.. the ECB window will help developers raise resources at cheaper rates, which would help them build more low-cost housing projects