Low income groups
Widows and transgender may get government backing to own a house in urban areas with a plan proposed to ease the interest burden. At present, only women, SC/ST, minorities and differently able persons get such a preference. Learning from the experiences of Rajiv Rinn Yojna (RRY), an instrument to address the housing needs of the [...] Continue Reading »
Widows and transgender may get government backing to own a house in urban areas with a plan proposed to ease the interest burden. At present, only women, SC/ST, minorities and differently able persons get such a preference. Learning from the experiences of Rajiv Rinn Yojna (RRY), an instrument to address the housing needs of the [...] Continue Reading »
Real estate developers and buyers in Navi Mumbai has accused town planning body Cidco – City and Industrial Development Corporation – of selling housing project flats at market rates. With Cidco set to launch its latest housing project in Kharghar on July 22, builders and buyers have alleged that the cost at which the corporation [...] Continue Reading »
New-Delhi- In order to boost the small and affordable housing units, the developers apex body CREDAI has demanded for an inclusive housing policy to the Finance Minister. They have further asked the Finance Minister to initiate the tax incentives which can make the realty sector a new growth of the Indian economy. CREDAI which presented [...] Continue Reading »
To support housing for the poor, the Ministry of Housing and Urban Poverty Alleviation has been planning to raise the cap on the interest subsidy scheme from the present Rs 1 lakh to Rs 5 lakh. The scheme of Interest Subsidy for Housing the Urban Poor was started in the late 2008 in order to [...] Continue Reading »
While banks are being unwilling to provide real estate loans, the Reserve Bank of India has been following a cautious policy to reduce risks associated with realty sector and to ensure that the sector remains sustainable and viable over a long period of time. National Housing Bank (NHB) has also played its role in de-risking [...] Continue Reading »
Differential rate of interest scheme (DRI) was formulated by the central government in 1972 for extending financial assistance at a concessional rate of interest (4%) to select low income groups for productive endeavours. These loans were to be given initially by public sector banks and then by private sector banks also. The Reserve Bank of [...] Continue Reading »
