Realty developers hoping for reduction in home loan interest
As the dates of the Union Budget is approaching closer, the thoughts among the realty builders and associations are concentrating on the upcoming announcements in the budget.
The Confederation of Real Estate Developers Association of India (CREDAI) is looking forward for the government to announce reduction on interest rates of housing loans.
The interest rates of home loans are not stable and it is observed that the interest rates has been revised 14 times in the last 16 months.
The associations of realty developers wants a stabilization in the interest rates as well as reduction in the tax rate.
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Source : The Times of India
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