NHB Circular On Subvention Scheme: How will it impact housing sector?
  • WebDesk BTVI
  • Jul 22 2019

National Housing Bank has issued a fresh directive asking the housing finance companies to stop all the subvention schemes offered by the builders for under construction projects, making it very clear all the subvention schemes like the 5:95, 10:90 pay the interest component of a loan of a house buyer to create a systemic risk. On this episode of ‘The Big Story’ we ask, why did national housing bank allow such schemes to get mushroomed in the housing sector.