To provide houses to the people at affordable prices the Punjab government has decided to frame a policy for mega housing projects in the state. The government said the policy will incorporate provisions for group housing in a project, where it is proposed as a part of plotted development, will not exceed 20 per cent of the total area of the project. This condition, however, will not be applicable for the projects which fall in the mixed land use zone of master plan.
Tag: affordable prices
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Quote on RBI’s Credit Policy: CRR and repo rates slashed by 0.25%
Finally, we have the rate cut (start of the series of cuts that hopefully will follow over several quarters, influenced by the overall inflation situation and the economy's need to perk up growth rates) which coupled with the lower CRR should provide great relief to Real Estate industry reeling for quite some time now under the burden of huge debts on one side and poor cash flows caused by slowdown in sales.