From Indiatimes.com: India’s second largest realty firm Unitech said RBI’s monetary measures related to housing sector will check speculation and price rise in the high-end properties, but will have less impact in mid-income segment.
RBI had yesterday directed banks to keep more funds aside as a cushion for advances of Rs 75 lakh and above. It capped housing loans to 80 per cent of the value of the property……………………………………….Full Article: Source