Thursday, 8 June 2017

Realtors hail RBI move to lower risk weightage on home loans

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Realtors body CREDAI hailed the RBI's decision to lower risk weightage on home loans, saying the move would boost housing demand and help in overall growth of the real estate sector.

"While RBI has kept the repo rate unchanged, we welcome their move of softening risk weight on home loans. This measure along with lowered inflation figures as per earlier projection will definitely augur well for the growth of the real-estate sector," CREDAI President Jaxay Shah said.

In what can make new home loans cheaper, the Reserve Bank of India (RBI) has reduced the standard assets provisions on individual housing loans to 0.25 per cent and also lowered the risk weights on such lending.

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