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The Reserve Bank of India’s (RBI’s) revisions to the income cap limits for priority sector lending (PSL) for housing projects will increase the customer base for affordable housing loans and bring down home prices, said developers and investors Business Standard spoke to.
On late Tuesday evening, the RBI revised the family income limits for economically weaker sections (EWS) and low income groups (LIG) availing of housing loans from Rs 200,000 per annum to Rs 300,000 per annum and Rs 600,000 per annum, respectively.
“The RBI’s move will increase the demand for affordable housing loans from families under EWS and LIG
