Insured realty industry has become the most subject matter of the talks in recent business and elucidation to bring the old vide again many realty firms has decided to consult the finance and other heads of the country before it gets too late. According to the sources of www.propertykhazna.com recently after a close door meet the finance minister – P Chidambaram has declared to provide more loans to effected realty sector across the nation under the CREDAI.
Looking to the high rise of the property rates across the country Reserve Bank has made an addition of few points to the interest of the loan segment and there upon it has become a nightmare to the most of the realty stores and has forced the buyers to postpone the idea of owing a house as per the sources of www.propertykhazana.com.
The interest rate shot up from mere 8 percent to that of 12 percent with in a very short while. But now the finance minister has assured to bring back the rising interest to affordable rates so that the buying capacity of the consumers gets increased and hence can provide life to the almost dead real estate.
As per the sources of www.propertykhazana.com now the Reserve Bank of India is making notification to remove the weightage mainly for the home loan segment. It will be helpful for the banks now to lend finance at lower rates as compared to earlier rates.
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