With the start of the new year, followed a big news for the real estate industry across India, by Prime Minister Narendra Modi. The Prime Minister looked upon the matter of affordable housing and announced a a slew of rebates on home loans under the Pradhan Mantri Awas Yojana, on December 31. Under this, a new project has been launched by Logix group in Noida, known as the Logix Blossom County.
This proves that its is a great time to buy Flats in Greater Noida with Logix Blossom County Noida and more such projects coming in. Also, as most of the banks are reducing home loan rates by up to 90 basis points ahead of the Union Budget on February 1, it has become really easy to think about owing a home and making it turn into reality.
Under this, the central government will be giving a 4% subsidy on the interest rate for home loans of up to Rs 9 lakh, and a 3% subsidy on home loans of up to Rs 12 lakh. After listening to the PM’s Address to the Nation, several leading banks had to cut their lending rates. The State Bank of India (SBI) lowered its marginal cost of funds based lending rate (MCLR).
This good news has brought back the thought of buying a plot or flat in Logix Blossom County Greater Noida instead of insufficiently living on rent and thus people are now again looking forward to buying new flats and fulfill all of their dreams.