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Planning to enhance the housing market, the Modi government is reviewing a new scheme that could make use of cash from the demonetisation drive. Inning accordance with report, the federal government is keen to improve the housing sector by means of a brand-new plan as well as is already in conversation with the RBI. The brand-new real estate system could be revealed as early as the Union Budget plan 2017, which is anticipated to be presented on February 1. It is reported that the last shapes of the housing scheme will certainly be decided after the information of earnings gained from demonetisation arise. The report went on to add that the federal government is eyeing a rate of interest in the array of 6-7% for home mortgage approximately Rs 50 lakh. This new lower passion price choice of 6-7% will be readily available to very first time consumers and also is most likely to offer a much required incentive to the real estate market. Video Rating:/ 5