Housing loans
Reserve Bank of India (RBI) declared a key rate increase of a 25-basis points and the cost of housing is expected to be raising resulting in the developers to pay more interest on the borrowed money from the financial institutions. Pradeep Jain the chairman of Confederation of Real Estate Developers’ Association of India (CREDAI) reported saying that [...] Continue Reading »
National Housing Bank (NHB) chairman and managing director RV Verma reported saying that the Housing loans seems to be slightly discomforting as buyers feel there is no way of getting properties at the affordable prices. The central bank recently has increased short-term rates and this hike has been recorded within a span of 18 months. [...] Continue Reading »
