Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
State Bank Remove Loan Limit for Real Estate Sector
01-07-2014, 02:29 PM (This post was last modified: 01-07-2014 02:31 PM by Salman.)
Post: #1
State Bank Remove Loan Limit for Real Estate Sector

Islamabad– State Bank has removed the 10% limit for banks for giving loans to real estate / housing sector.

Federal Government is planning 5 lac housing units for low income peoples in next 5 years.

This step has been taken in view to facilitate low cost/low income/affordable housing project under Government Housing schemes.

What is Real Estate Sector:-

a) Individual/family owned houses for the purpose of self-occupation or renting out (non-commercial usage).

b) Builders, developers, contractors, corporations, property dealers and any other person dealing in residential, commercial and industrial real estate, e.g., undeveloped land, housing societies/residential buildings, office buildings, multi-purpose commercial premises, hotels, shopping malls, retail space, retail store, buildings, industrial space, factories, warehouses.

Revised Circular dated 6/1/2014

BPRD Circular No. 02 of 2014
January 06, 2014

The Presidents/Chief Executive Officers
All Banks/DFIs

Dear Sirs /Madam,

Exposure Limit on Real Estate Sector

Please refer to the BPRD Circular No. 01 dated January 02, 2014 on the captioned subject.

1) With a view to promote the low cost/low income/affordable housing, the limit of 10% as notified in the above referred circular will not be applicable on financings under Government Housing schemes and initiatives.

2) It is further clarified that by linking exposure with the advances and investments (net of Government Securities), a substantial cushion is available to the banks for promoting housing finance.

3) All other instructions will remain unchanged.

Please acknowledge receipt.

Yours sincerely,

Sd/-

(Shaukat Zaman)
Director

Earliar a State Bank issued a circular to imposed loan exposure limit for Real Estate Sector of 10% to all commercial banks.

BPRD Circular No. 01 of 2014
January 02,
2014
SBP Notification of Exposure Limit on Real Estate Sector dated Jan 2, 2014

SBP Notification of Exposure Limit on Real Estate Sector dated Jan 2, 2014

Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  10,000 New Property Developers Bring into the Pakistani Real Estate Market LRE-Azan 0 171 09-14-2018 03:19 PM
Last Post: LRE-Azan
  Tax Reforms 2018 Complete Details - Real Estate market LRE-Azan 0 120 09-05-2018 01:52 PM
Last Post: LRE-Azan
  Booming real estate sector contributes just Rs23 billion in taxes LRE-Azan 0 158 08-16-2018 02:12 PM
Last Post: LRE-Azan
  Key reforms for Pakistan’s real estate sector hit a snag LRE-Azan 0 127 07-18-2018 04:22 PM
Last Post: LRE-Azan
  Possibility of Booming Pakistan Real Estate Business Salman 0 3,043 03-27-2014 07:50 PM
Last Post: Salman
  Better security, more investment in development to help real estate Salman 0 2,445 03-17-2014 01:32 PM
Last Post: Salman
  Crackdown Against Encroachments – State’s Land Of Worth Rs. 1.5 billion Recovered Salman 0 2,189 02-28-2014 01:40 PM
Last Post: Salman
  Real estate market hits growth trail again Salman 0 2,727 02-25-2014 01:15 PM
Last Post: Salman
  LDA sets up cell to remove plots’ transfer impediments Salman 0 2,228 02-15-2014 06:11 PM
Last Post: Salman
  Real estate trends: A Recap Of 2013 Salman 0 2,649 02-07-2014 07:36 PM
Last Post: Salman
  Federal Govt Decided to Establish Real Estate Regulatory Authority Salman 0 4,262 12-17-2013 01:43 PM
Last Post: Salman
  CDA Ordains To Remove Encroachments Salman 0 9,178 11-05-2013 01:50 PM
Last Post: Salman
  Real estate market in Lahore undergoes correction Salman 0 8,711 11-04-2013 04:44 PM
Last Post: Salman
  With real estate boom, developers now focus on Raiwind Road Salman 0 5,000 09-30-2013 03:43 PM
Last Post: Salman
  Lahore’s real estate on the rebound Salman 0 3,797 04-15-2013 01:26 PM
Last Post: Salman
  NA body sets Jan 15 as deadline CDA asked to remove Katchi Abadi in I-11 Salman 0 2,844 12-14-2012 12:58 PM
Last Post: Salman
  LDA retrieves 30 state kanals Salman 0 2,157 07-27-2012 11:55 AM
Last Post: Salman
  Pakistan Budget 2012-13 : Income Tax exemption limit raised to Rs.50,000/- Salman 0 8,935 06-01-2012 12:48 PM
Last Post: Salman
  RTMA reclaims state land Salman 0 1,576 05-31-2012 01:12 PM
Last Post: Salman
  TMA special squad to remove encroachments Salman 0 1,951 05-07-2012 03:55 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)