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India: Rate cut to boost realty sector

Posted on 18 April 2012

Buying a house has just got cheaper. With the RBI slashing the short-term lending rate from 8.5 per cent to 8 per cent, consumers can look forward to a reduction in interest rates on housing loans.
Real estate players also welcomed the 50 basis point cut in the rates saying it will boost liquidity in the market and improve their cash flow situation………………………………………..Full Article: Source


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