Delhi cooperative housing finance corporation limited - Latest News Update, Information, Photos & Videos on Delhi cooperative housing finance corporation limited at Lokmat Times

Cooperative Minister Rajendra Pal Gautam on Monday directed Delhi Cooperative Housing Finance Corporation Limited (DCHFC) to reduce interest rates to benefit Delhiites."On the resolve of Chief Minister Arvind Kejriwal, I have directed the DCHFC to reduce the interest rates as compared to private banks so that the common people can avail loans at cheaper rates to buy a house," Gautam said in a statement."The Chief Minister has taken a historic decision to reduce the circle rate of residential, commercial and industrial properties to 20 per cent. With the reduction in circle rates, the common people will be able to realise the dream of buying a house," he said.Rajesh Goyal, chairman of DCHFC said, "With the decision of the government, the rate of interest for Delhiites for taking housing loan has been reduced from 7.45 per cent to 6.75 per cent. These rates are much lower than private banks. This will provide relief to Delhiites in instalments every month."He also said that while the relief in instalments will reduce the pressure on the borrowers, they will be able to bring other kinds of happiness to their families.Goyal also said that the decision to reduce circle rates will enable more and more people to buy real estate and the stability in real estate will also be removed. This will reduce housing prices and middle-class families who have been living in rented houses for years will be able to buy homes for themselves. After lowering the interest rate, the instalment per month will be Rs 760 per Rs one lakh, whereas earlier it was Rs 803.However, DCHFC is planning to announce a more attractive package of a housing loan scheme for the middle class and weaker sections soon, as per the statement.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Delhi Cooperative Housing Finance Corporation LimitedFOLLOW

Delhi cooperative housing finance corporation limited, Latest News

National :Minister asks Delhi Cooperative Housing Finance Corporation to reduce interest rates

Cooperative Minister Rajendra Pal Gautam on Monday directed Delhi Cooperative Housing Finance Corporation Limited (DCHFC) to reduce interest rates to benefit Delhiites. ...