Central government’s Finance Secretary, Mr. G. S. Sandhu, informed that the central government is set to announce plans for housing loans with low interest especially for the poor & middle class people.
Mr. Sandhu was participating in a function organized yesterday by real estate group. He said that the central government is coming with a plan to give housing loans up to Rs. 5 Lakhs with a interest of 5%.
This plan will considerably reduce the debt burden of the people who take housing loans. At the same time, this plan will provide further growth opportunities for the real estate industry.