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Relief for property buyers

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Relief for property buyers

Last updated: August 2 2007
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  • Relief for property buyers

    Good news for property buyers !!!

    As a phenomenal hike of 3-per cent is triggered by banks over home loan interest rates, in the past 18 months, a number of people must be finding it difficult to cope up with the subsequent increase in EMI amount.

    Now, in case, someone defaults in paying his/ her instalment, builders charge penalties at their own will--often unreasonably.

    The Real Estate Management and Regulation Bill would address the issue by setting the maximum limit of penalty to 1% of the due amount.

    Finally, some light at the end of the tunnel !!!
    Last edited August 2 2007, 01:03 PM.
    Regards,
    Vikram
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