Government is considering to offer interest subsidy on housing loans to help economically weaker section and lower income group people. Talking to reporters on the sidelines of a Realtors Conclave in New Delhi yesterday, Housing and Urban Poverty Alleviation Minister Venkaiah Naidu said, the interest subvention scheme will be a part of the new housing policy.Responding to Realtors' demand for single-window approval, the Minister said, the procedures for getting the approvals relating to environment and aviation clearances will be simplified. On the Real Estate Development and Regulatory Bill, Mr Naidu said, it is in the final stage of consultation.The Bill provides for mandatory registration of all projects, besides compulsory disclosure of information like details of promoters, layout plan, land status, schedule of execution, status of various approvals and carpet area. The Bill seeks to enforce the contract between the developer and buyer and provides for quick remedial measures in case of disputes.
News On AIR | November 25, 2014 8:01 AM
Govt plans to offer interest subsidy on housing loans for economically weaker sections<br/>