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Home > Forum > Real estate News > Transparency and timely possession can reduce home prices by 20%

Transparency and timely possession can reduce home prices by 20%

Q: Top industry leader Deepak Parekh has said transparency and timely approvals from different authorities can reduce home prices by almost 20%

price appreciation
home loan
loans from bank
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Replies (2)
1
Banks and housing finance companies should be allowed to fund land transactions when there is no real estate bubble, as is currently the property transactions costs comprise almost 70-­80% of the total cost.
Sharath bharadwaj


Parekh called upon the developers to diversify their focus away from luxury projects and said an online single window clearance mechanism should be put in place for affordable housing projects.
Suroshree,  Gurgaon
23rd June 2014


2
Parekh is a Chairman of home loan major HDFC, also pitched for banks and housing finance companies being allowed to fund land transactions during periods when there was no real estate bubble.
Jewel


He emphasised on the need to increase the threshold limit for priority sector housing loans to at least Rs 40 lakh per unit, from the current "unrealistic" level of up to Rs 25 lakh.
Samar,  Gurgaon
23rd June 2014


3

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