By Accommodation Times Bureau
New Delhi: HUDCO, continuing with its efforts to make social housing and related infrastructure more affordable, has reduced its interest rates by 0.50% for project loans in the housing & infrastructure categories and for individual loan under HUDCO Niwas with effect from April 1, 2012.
For Economically Weaker Section (EWS) housing schemes, the applicable floating interest rates would be in the range of 8.50% to 8.75%, instead of 9.00% and 9.25% earlier, which is the lowest in the country, whereas the applicable housing loans for lower income groups (LIG) would be 9.00%, instead of 9.50% earlier.
For government and public sector housing projects, other than those for EWS & LIG categories, and infrastructure projects such as water supply, sewerage, solid waste management, etc. the floating rate of interest would henceforth range between 11.25% and 11.50 %, instead of 11.75% and 12.00% earlier.