ECB for low-cost housing may go via NHB
External lenders may not find low-income or affordable housing attractive, due to the low profit margins and high risk
A proposal has been mooted for all external commercial borrowing (ECB) for affordable housing to be routed through the National Housing Bank (NHB), mooted by the latter. Many in the real estate sector are sceptical about the practicality of the Budget proposal on ECB for this segment.
Publication Date:
19/03/2012