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Union Development Minister Favours Cheap Home Loan Rates
Posted by
leonard 377 days ago
Home Loans
June 29, 2009: In order to revive the demand in the real estate sector, Urban Development Minister Jaipal Reddy today favoured cheaper loans for buying houses. "Real estate is facing a slowdown. So, we should make an arrangement for giving loans at 6.5 per cent for houses in the below Rs 5-lakh category to the poor," he said after his meeting with Finance Minister Pranab Mukherjee here. "It was a pre-Budget meeting and we discussed budgetary issues with the finance minister," he told reporters. Reddy suggested ex
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