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Great News For Home Buyers


Modi government will help people looking to buy a house


There is great news for home buyers. Now they will get their own home. The possibility of completion of stalled housing projects has increased, because now the builders will not, but some companies will complete your home together and will give a permanent posting as soon as possible. The bank has agreed to provide loan for stuck housing projects. The bank will provide loans to projects which could not complete the construction work due to non-payment and that 60-70 percent of the completed.




Government companies will be responsible for completing stalled housing projects. Banks will only provide loans to these projects. The responsibility to start and complete the work on the project will be on NBCC or other government companies. These companies will make plans for this and will also take the responsibility to complete the project.


Last week, the Finance Ministry had held a meeting in this regard. The meeting was attended by representatives of real estate companies and policy commissioners. According to sources, the government has given the responsibility of making the NBCC a list of these projects. Besides, the Finance Ministry has also announced a loan recovery plan.

Source

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