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| V. K .Sharma, CEO, LIC Housing Finance |
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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