‘Give benefit to middle and upper middle class home buyers’

MUMBAI: As a budget expectation, Niranjan Hiranandani, MD of Hiranandani Group urged the finance minister to extend the loan-to-value (LTV) ratio of 90 per cent to the middle and upper middle class.

At present, LTV is 90 per cent for the affordable housing segment.

“The other segment of the society — middle and upper middle class — needs the same benefit to whole home buyers,” said president of NAREDCO.

He added further that 2020 the COVID year was “the culmination of problems that were there for the last three years in the real estate industr y.”

Keeping in mind the metro residents, he stated the standard deductions for the home buyers should be from Rs 2 lakh to 5 lakh.

He stated such measures will boost the real estate industr y and also will be beneficial to home buyers.

He also emphasised on affordable rental housing.

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