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.
Ghaziabad, December 21, 2024: As Delhi-NCR's luxury housing segment grows, the region sees the presence…
New Delhi, December 21, 2024: Redefining the art of holistic living, The Prana Homes by Pooja…
New Delhi, December 20, 2024: The Indian real estate market is undergoing a remarkable transformation,…
New Delhi, December 20, 2024: Madhu Mantena, the acclaimed film producer behind hits like Ghajini…
Mumbai, December 19, 2024: Dextrus, a leading premium managed workspace provider, is excited to announce their…
New Delhi, December 19, 2024: Innov8, India's leading startup, continues its rapid expansion with the…