Budget 2012: Increase ceiling of housing loan eligiblity, says DTZ
This will play a critical role in stimulating residential demand, particularly in mid-range and low end housing segments.
By Agencies | Updated:
NEW DELHI: Following the announcement by Finance Minister in his budget speech 2011-12, priority sector lending limit for housing loans were raised to Rs 25 lakhs. However, considering the high prices of dwelling units across country and particularly amongst tier 1 and 2 cities, the above limit should be increased.
Suggestion:
Considering the high prices of residential properties in urban centres, the current ceiling of housing loans eligible to be considered as priority sector lending should be increased. This will play a critical role in stimulating residential demand, particularly in mid-range and low end housing segments.
Suggestion:
Considering the high prices of residential properties in urban centres, the current ceiling of housing loans eligible to be considered as priority sector lending should be increased. This will play a critical role in stimulating residential demand, particularly in mid-range and low end housing segments.
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