2012 - 13 Budget: 1% rate rebate on housing loan extended for a year

V. K .Sharma, CEO, LIC Housing Finance
2012 - 13 Budget :  Retains 1% interest rate subsidy for loans towards affordable housing
The Indian housing finance sector has been one of the biggest gainers in the Union budget 2012 - 13.

The proposals not only encourage potential buyers of low cost houses, But also persuade developers/builders to come up with more such projects.

Mr. V. K .Sharma, CEO, LIC Housing Finance said, “The One per cent interest subvention on housing loans of up to Rs. 15 lakh introduced for 2011-12 has been extended for next year too. Minimum 15 to 20% of borrowers take loans less than Rs. 15 lakh and would stand to gain."





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