Tag: external commercial borrowings (ECBs)

Impact of Budget 2012 on Mumbai’s Real Estate.

March 21, 2012 – 12:34 pm

The extension of 1% interest subvention scheme on housing loans up to Rs 15 lakh wherein the cost of the house does not exceed Rs 25 lakh, for another year will also help sustain demand for affordable housing in Mumbai. The increased allocation for highways and other infrastructure projects will help boost development of Mumbai’s […]

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Real Estate Sector got no Resurgence.

March 17, 2012 – 2:11 pm

Share of the housing sector to the overall GDP is likely to rise by one per cent to 6 per cent on increased investment revealed by the  latest Economic Survey. Currently, about 5 per cent of India’s GDP is contributed by the housing sector. With institutional credit for housing investment growing at a compounded annual […]

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