Sunteck Realty [Apr 2012]

FM’s move to allow ECB for developers engaging in value housing has pleasantly surprised the sector. This will act as a major boost to the smooth completion of projects that were otherwise inundated with financing woes. Affordable housing segment will now be able to avail of loans at a significantly lower interest. However, this segment had little to rejoice about the non-amplification of the 1% tax rebate that they were anyway recipients of. -Kamal Khetan, CMD, Sunteck Realty

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