UP Housing Board slashes interest charges

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Lalmani Verma Tags : lucknow, housing, UPHDB Posted: Saturday , Feb 21, 2009 at 0414 hrs

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“The board will also amend the property valuation bylaws, which were amended last in 2002. As per the existing valuation bylaws, EMI is calculated on properties costing from Rs 75,000 to 3 lakh. Now this property value range will be increased to Rs 5 to15 lakh,” a board official said. This will be done because the cost of the property has increased manifold since 2002, he added.

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