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Home Loans of up to Rs 35 Lakh may Cost Less in Metros

Home Loans of up to Rs 35 Lakh may Cost Less in Metros

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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State issues 86 Licences in 14 cities for Affordable Housing

State issues 86 Licences in 14 cities for Affordable Housing

The recession-hit reality sector seems to have taken a fancy for affordable housing with the state government issuing 86 licences in 14 cities in Haryana. The realtors plan to build subsidised houses under the Pradhan Mantri Awas Yojana (PMAY). Gurugram tops the list with 46 projects spread over 254.48 acres followed by Faridabad with 12…

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27000-in-gurugram-likely-to-get-aid-for-homes-under-central-scheme

27,000 in Gurugram Likely to Get aid for Homes Under Central Scheme

Around 27,000 people in Gurugram are likely to receive financial aid for building their homes under the centrally sponsored Pradhan Mantri Awas Yojana. If MCG officials are to be believed, the state government has already approved their applications and forwarded detail project reports (DPRs) to the central government for the final approval and funds. Those selected…

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