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Sunday 11 January, 2009

Sub prime crisis effect on Housing Sector

1. Sub prime crisis is taking its toll on the world markets and same is visible in Indian markets. However Indian govt on its part has doled out a package which can revivie the economy.

2. Indian govt has ensured that low sum borrowers i.e. below 5 Lakh can get the loans at most competitive rates and said rate is as low as 8 percent from the public sector banks.

3. A single housing loan gives impetus to more than 165 industries and thus it is a right step to give a boost to the economy.

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