Comments on RBI announcement on revised loan limit under PMAY

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By Mr. Rakesh Reddy, Director Aparna Constructions

New Delhi, June 08, 2018: Reserve Bank of India’s recent announcement to increase loan limits from ₹28 lakh to ₹35 lakh for metro cities and from ₹20 lakh to ₹25 lakh for other regions is a great move. This initiative will be a big boost especially for the first time home buyers and the benefit will be over and above the subsidy of Rs 2.68 lakh that the central government offers under Pradhan Mantri Awas Yojna scheme (PAMY). Affordable housing segment is expected to benefit further from this announcement as more and more potential buyers can now avail PMAY subsidy and many more builders may also look at entering into this category.

Corporate Comm India(CCI Newswire)