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RBI’s Tweaking Of Lending Norms Makes Affordable HouThe affordable housing segment will get a boost with the Reserve Bank of India on June 6 raising the loan limits under priority sector lending. The RBI has decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.
States Move Towards Smart Electricity Meters, How WiStates are now making a move towards smart electricity meters. After Minister of Power and New & Renewable Energy, R K Singh said that all the traditional meters will be replaced by smart prepaid meters in the next three years, the Manohar Lal Khattar-led Haryana government approved the installation of 10 lakh such meters in five districts of the state. So what are smart meters and how will they be beneficial for you. Read here.
Weaker Rupee Sparks Interest In Gulf-Based InvestorsIndia has been known to be the third-largest real estate investment hub for HNIs as well as NRIs. According to a Khaleej Times report, a survey reveals that 42.34 per cent of the participants had declined finance to buy a property in India. A few months ago, the percentage of people who denied loans to finance their purchase stood at 33.66 per cent.
GST: Understanding Impact And Product Solutions ForWhether one is a developer, buyer, investor, financier or an intermediary, there will be a significant impact of GST on real estate stakeholders in several ways.
Noida Authority Earmarks Rs 1,500 Cr For 19 OngoingThe Noida Authority plans to invest Rs 1,500 crore in 19 different developmental projects in the city. Besides, efforts are being undertaken to ensure energy and water consumption in Noida. Meanwhile, Noida’s residential welfare authorities have been protesting against the inefficacy of workers hired by the Authority who are on regular strikes resulting in poor civic conditions in the Authority’s jurisdiction.