individual housing loans
In order to boost the demand in the real estate sector and help the poor section in purchasing homes, the government has announced new policies that will offer an interest subsidy on housing loans. The Government awaits the approval of the cabinet for its Real Estate Development and Regulation Bill that will give an interest [...] Continue Reading »
The government, in the Budget of 2009-10, announced a scheme of one per cent interest subvention in respect of individual housing loans up to Rs 10 lakh, provided the cost of unit does not exceed Rs 20 lakh. The scheme was valid till September 30, 2010, with an initial allocation of Rs 1,000 crore. During [...] Continue Reading »
