In your interest.
Online Personal Finance Magazine
No beating about the bush.
Affordable housing is becoming a trend. Unitech, the country’s second-largest property developer, has announced what it calls Uni Homes – affordable apartments priced between Rs10 lakh - Rs30 lakh in Chennai, Hyderabad, Bengaluru, Kolkata and Lucknow. The company is planning to invest Rs1,700 crore this year to build these homes. Meanwhile, banks have started reducing their home loan rates which will make these flats a bit more affordable. Recently, ICICI Bank has reduced its floating rate for home loans to 12.75% from 13.25%.