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India: RBI measures to check price rise in high-end housing

Posted on 04 November 2010

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


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