Due to Down Fail in Real Estate Market, Reserve Bank of India announced now banks can provide home loans up to 90% on properties only for Property Cost Rs 30 Lakh or Below.
Earlier, the facility was only available only if property cost upto Rs 20 Lakh.
It is beneficial for home finder or property Investor who is plan to buy property in the range of Rs 20-30 Lakh.
RBI decision with all major banks to reducing the interest rate on homes loans.
Reserve Bank of India said that circular that in case of “Individual Housing Loans” falling under this category (Property Cost up to Rs 30 lakh), Loan to value ratio is up to 90 percent. If Properties above Rs 30 lakh and up to Rs 75 Lakh the loan to value ratio will be 80% and property above Rs 75 Lakh LTV Ratio will be 75 %.
Krish developer having many Residential Project and Commercial Project In Bhiwadi. With In Budget of Rs 30 lakh having Apartment in bhiwadi/Group Housing Project In Bhiwadi like Krish Aura , Krish Mall, Krish City Height, Krish City-2, Krish Seasons Group Housing, Krish Icon, Krish Square, Krish City-1 . The Middle Class people who has always have dream of own home may help them a lot to pay only 10% cost of property rest of amount of property take homes loan from the bank. Pay Emi of own home then paying rent.