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Price correction in housing sector: Verma

1 Comment Sub Category:Other cities,Residential Real Estate Posted On: Oct 18, 2012

Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that  there might be certain amount of price correction  in the housing sector.

The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced by R V Verma, NHB  Chairman and Managing Director.

Major banks such as State Bank of India, Punjab National Bank, HDFC, ICICI Bank and Vijaya Bank have also reduced their home loan rates.

However,  the amount of price correction have not been confirmed yet.

Verma also said that there are measures being taken to assess extent of project not completed and the reason for the delay.

One Response to “Price correction in housing sector: Verma”

  1. vijay singh says:

    am looking for 2 bhk flats in bhopal lalghati

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