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Home Equity Conversion: Secure Your Future, Stay in Your Home

In the 2007-08 Union Budget, the Indian government introduced a reverse mortgage scheme for senior citizens to help those who own property but lack other income sources. The scheme is to enable senior citizens to unlock the value of their homes while continuing to reside in them. Home Equity Conversion under NHB guidelines ensures legal safeguards and fair property valuation, protecting senior citizens from financial exploitation.

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