Loan for Low Cost Houses
New Delhi, May 09, 2015: Reserve Bank of India vide circular DBR.BP.BC.No. 74/08.12.015/2014-15 dated March 5, 2015 on “Housing Loans: Review of Instructions” has allowed banks to add stamp duty, registration and other documentation charges to the cost of the house/dwelling unit for the purpose of calculating Loan to Value (LTV) ratio, in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh. This has been done with a view to encourage availability of affordable housing to borrowers from economically.
This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha.
Recent Posts
Cities Emerging as India’s Next Real Estate Powerhouses: Ashwinder R. Singh Offers an Expert Analysis of The MINT Report
Mysuru, Indore, Nagpur, and Thiruvananthapuram Poised to Lead India's Real Estate Evolution Through 2025 New…
Dholera SIR, India’s first planned smart city, attracts global investors & NRIs with ambitious plans as a semiconductor hub.
Gujarat, March 13, 2025: Gujarat's Dholera SIR, India's first planned smart city, is drawing increased…
Mumbai MMR Housing Market Gains Momentum: 11% Rise in Registered Home Sales Value, 5% Growth in Transaction Volume in October-December 2024: Square Yards
Lodha Group dominates Mumbai MMR's residential market, leading in registered sales value while securing the…
Protect Your Property Rights: Gaurav Mavi, Co-founder of BOP.in, Speaks on World Consumer Rights Day
New Delhi, March 13, 2025: A house purchase is a significant emotional as well as a…
One Group Honored as the “Most Progressive Developer of TriCity” at Big Impact Awards 2025
Chandigarh, March 12, 2025: Renowned real estate developer ONE Group Developers has been honored with the…
Udaipur Cement Works Limited Recognized as India’s Fastest Growing Cement Company (Small Category) at Indian Cement Review Awards
New Delhi, March 12, 2025: UCWL Recognized for its Rapid Growth, Operational Excellence, and Sustainable…