Home loans are likely to be cheaper
Some leading banks have already cut their home loan rates for existing and new customers, while the other banks are in the process of deciding the new rates.
Higher home loan rates and rising property prices made the home buyers less interested in buying new apartments in India.
With the new move by the financial authorities, the real estate market in India is hoping for a better future.
PNB has already announced the reduction in the interest rate on housing loans.
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Source : My digital FC