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To bring back the stability in Indian realty, slashing down the various interest rates for both the consumers and the developer is the need of the hour. According to a source of www.proepertykhazana.com a new strategy of six point strategy has been initiated by the association of chambers of commerce and industry of India to bring the economic vehicle moving at a steady pace. They unveil that first of all the rate of interest of various nationalized and other private banks has to cut down to increase the shape and size of the trading.
Apart from this, it also been suggested that the current percentage of personal income tax should be modified by ten percent. A different slab for the higher and lower range of loans should be implemented which in turn may help to create more demands among the mid and low income group of the society. Loan segment below the figures of Rs. 15 lakhs should be made accessible with just 7 per cent of interest and it should be made guaranteed by the govt. to provide more funds from the National Housing Bank end for the cause of realty construction as per the source of www.propertykhazana.com.
Sajjan Jindal the president of the association states that “current rate of interest has gone up to 13 percent which has created chaos in both realty and other associated trade segments”. As a part of economic aid there should be reduction in corporate income tax by another ten percent along with other cooperative measures like subsidiaries for housing by the govt. For more information and latest real estate news, visit www.propertykhazana.com.
Source: NBTVLIVE

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