...........It has been reported in the press that the Reserve Bank of India (RBI) has directed banks to exclude the cost of stamp duty, registration fee, service tax, VAT etc., while funding house property. The National Housing Bank (NHB), the regulator for Home Finance Companies (HFCs), may follow suit soon.In other words, the home loan aspirant will have to bring in higher margin money (property cost less the loan amount), as home loan eligibility reduces considerably, from the above measures..............
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