No more 80:20, link home loan to stage of building, says RBI – Indian Express


Indian Express

No more 80:20, link home loan to stage of building, says RBI
Indian Express
The 80:20 plan, one of the most popular schemes developed by the real estate sector for buyers, has been nixed by the Reserve Bank of India. The scheme allowed buyers to pay just 20 per cent of the price upfront and the rest on possession. The monthly 
RBI orders banks to link home loan disbursal to progress in mydigitalfc.com

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