External Commercial Borrowings (ECB) for the low cost affordable housing projects

On a review of the policy related to ECB and keeping in view the announcement made in the Union Budget for the Year 2012-13, it has been decided
to allow ECB for low cost affordable housing projects as a permissible enduse, under the approval route. ECB can be availed of by developers/builders for low cost affordable housing projects. Housing Finance Companies (HFCs)/National Housing Bank (NHB) can also avail of ECB for financing prospective owners of low cost affordable housing units.

To view the full text of the notification, please follow the link

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