Tata Housing offers fixed interest rate for a year

Tata Housing Development Company (THDC) has announced a new scheme titled 'Wow is Now' for homebuyers under which its customers will have to pay only 3.99 per cent flat interest rate for one year and the rest would be borne by the company. The scheme, which is applicable to 10 projects until November 20, has been considered taking a 7 per cent rate of interest per annum from the bank as the maximum limit for the offer. Under the scheme, the customer will receive a gift voucher ranging from ₹25,000 to ₹8 lakh depending on the property, post the booking. The voucher would be issued after the payment of 10 per cent and the registration of property. The campaign is extended across 10 Tata Housing projects with ready-to-move-in (RTMI) and under-construction properties across Mumbai, Bengaluru, Kochi, Delhi-NCR, and Kasauli in HP. Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure, informed that the government and RBI have demonstrated agility by announcing a slew of measures to uplift the real estate sector, like maintaining accommodative stance on repo rate, treatment of COVID-19 period as an event of force majeure and on-tap targeted long-term repo operations (TLTRO) of up to ₹1,00,000 crore.