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RBI tightens norms on home loans to curb excessive borrowing
in General Discussions
The RBI made the norms for housing loans more stringent to curb the excessive borrowing that has pushed property prices in metros close or beyond levels seen before the global financial meltdown.

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    Excessive colonizations is triggered by cheap home loans. This is depriving agriculture, forests and wild life of due land share. Hence, making home loan costly is welcome.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    Increase in home loans is what everyone would have expected and will definitely somehow reduce the count of people taking home loans. But this will not be drastic change, can be very less
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