Transmission of rate cuts to home buyers seen as crucial; more steps needed to enhance liquidity for better-placed NBFCs and HFCs The real estate sector has welcomed the Reserve Bank of India (RBI)’s decision to reduce the repo rate — the rate at which it lends to commercial banks — by 35 basis points to 5.4…
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Last week, the Reserve Bank of India published its quarterly report on residential asset price monitoring survey. The report reveals that the growth in credit driven by buoyant market conditions has had an inflationary impact on the housing prices. Housing affordability has worsened in recent years, with demand remaining skewed in favour of regions with…
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RBI revised housing loan limits for priority sector lending from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres. The affordable housing segment will get a boost with RBI on Wednesday raising the loan limits under priority sector lending (PSL), and the…
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The decision of the Reserve Bank of India (RBI) to hike repo rates by 25 basis points, indicating tightening in the interest rates, could make all loans including home loans costlier, but the revision of housing loan limits for priority sector lending (PSL) from existing Rs 28 lakh to Rs 35 lakh may lead to reduction in the interest…
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Objective of this portal is to promote affordable housing scheme launched by Central govt of India to provide housing for all by 2022 under Pradhan Mantri Awas Yojana and Deen Dayal Awas Yojna scheme. Home Buyers can search and get information on affordable Housing projects in Gurgaon, Sohna, Faridabad and other cities of Haryana.
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