Now Get More Cheaper Loan for Affordable Housing – RBI Announces

June 25, 2018 | Author: | Posted in Realestate

Affordable housing segment has just got more affordable with the increase in home loan limit by 25%. With a view to help economically weaker sections with quality housing solutions, RBI has recently announced the hike in home loan limits, from Rs 20 lakh to Rs 25 lakh in non-metropolitan centres and from Rs 28 lakh to Rs 35 lakh in metropolitan centres. This implies that the maximum cost of the house in metropolitan centres would not exceed Rs 45 lakh and Rs 30 lakh at other centres. Hence, buying flats in Ghaziabad and other NCR regions would be much easier and pocket-friendly than ever. LandCraftMetrohoes Construction towerAs per an official release, President Ram Nath Kovind has agreed upon for the circulation of the Insolvency and Bankruptcy Code Ordinance, 2018. The release further said “The ordinance provides significant relief to home buyers by recognizing their status as financial creditors. This would give them due representation in the Committee of Creditors (CoC) and make them an integral part of the decision-making process”.

Additionally, this move will help home buyers to invoke Section 7, which encourages them to file application for seeking insolvency resolution process. To sum it up, RBI’s announcement regarding cheaper home loans is a boon to the prospective home buyers, and if you are currently looking for flats in Meerut Road Ghaziabad, this is the right time to get going.

Alternative Option for Affordable Housing

Apart from the cheaper home loan facility, there exists alternative option for affordable housing, viz. LMH. LMH refers to LandCraft MetroHomes, which is an ambitious real estate project registered under UP government’s Awas Yojna, and certified by RERA. Thismakes the project highly reliable and investment worthy for the prospective home buyers.

Here are some of its major features –

  • GDA approved freehold property
  • Located very close to the Eastern Peripheral Expressway
  • Located on NH 58 that connects you to different major cities
  • Solid structures with superb resistance towards earthquakes
  • Ample light and ventilation in the rooms
  • Close proximity to metro station
  • Renowned schools and colleges are located nearby
  • 24 hrs gated security
  • Green and safer environment
  • Unique range of 3, 2 or 1 BHK affordable flats in NH 58
  • Landscape garden with spacious children play area
  • Commercial space within the campus

RBI’s move in amalgamation with LMH is a perfect combination that should definitely be leveraged by every potential home seeker or realty investor.

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Priya Garg is professional content writer having more than 11 year of experience in various field like news, media,solar,press,real estate etc. in above articles she explain about RBI Announces now Get More Cheaper Loan for Affordable Housing


Priya Garg is an expert professional content writer expertise in media, e commerce, real estate, etc.

This author has published 19 articles so far.

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