Cut loan interest rates for 1st time buyers to 6-7%: Raheja

Written By Unknown on Selasa, 24 Februari 2015 | 12.44

Navin Raheja, chairman and managing director, Raheja Developers also expects the exemption limit on interest repayment to be raised from Rs 2 lakh to Rs 5 lakh.

Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans.

In an interview to CNBC-TV18, Navin Raheja, chairman and managing director, Raheja Developers says the government would work at giving more disposable income into the hands of consumers.

He also expects the government to bring down home loan interest rates to 6-7 percent from the existing 10.25 percent

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