SBI extends special home loan scheme indefinitely
Apr 03, 2014
Source : The Times of India
 
MUMBAI: Nation's largest lender State Bank of India, which is also the largest home loan player, on Wednesday extended the date of special home loan rates for new and women borrowers beyond March 31 for an indefinite period.

Last December, SBI had cut its home loan rates by up to 0.4 per cent for new borrowers and for women customers an additional concession of 0.05 per cent was offered. Earlier, the special rates were made available up to March 31.

"In view of the overwhelming response received across the country, it has been decided to extend the special rates beyond March 31 till further notice from the bank," SBI said in a statement.

Under the special interest rate scheme, SBI is offering home loans in two different slabs — under Rs 75 lakh and above Rs 75 lakh.

Loans of up to Rs 75 lakh are made available to new borrowers at 10.15 per cent while for women, the rate of interest is 10.10 per cent.

For loans of above Rs 75 lakh, the interest rate is 10.30 per cent for new customers and the same for women borrowers is 10.25 per cent.

 

Latest Realty News

National Housing Bank seeks to allow lenders to get 90% property value as home loan
Apr 03, 2014
MUMBAI: The National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan. The proposal is for above Rs 20 lakh loans that carry mortgage guarantee cover.
Property tax collection up by 14% in Nashik
Apr 03, 2014
NASHIK: The property tax collected by the Nashik Municipal Corporation (NMC) has increased by 14.37% during the current financial year 2013-14 as compared to last year's figures.
Improved investment flows into logistics sector envisaged
Apr 03, 2014
MUMBAI: Investment inflows to the logistics sector have improved, following India’s economic impetus in the second half of 2013. At the same time, however, property rental values remained under pressure across certain industrial markets, according to CBRE’s latest report – India Logistics Market View – H2 2013.
AMC's tax recovery touches Rs 90 crore mark
Apr 02, 2014
AURANGABAD: The Aurangabad Municipal Corporation (AMC) on Monday concluded its tax recovery drive after collecting close to Rs 90 crore on account of property tax and water charges for the 2013-14 financial year.
Helion may lead $8m investment in Housing.com
Apr 02, 2014
MUMBAI: Early- to mid-stage, India-focused venture fund Helion Venture Partners may lead an $8 million investment round in Mumbai-based Housing.com, one of the country's hottest technology startups.
Exploring options in emerging cities for investment in commercial realty
Apr 02, 2014
PUNE: The slowdown in major real estate cities of India, has resulted in the emergence of new markets around tier-II cities. Higher costs, liquidity problems and falling investor interest, have diverted the developers and investors, to explore new markets in the country. The immense potential in emerging cities like Indore, Ahmedabad, Nagpur, etc., has drawn a lot of attention from real estate buyers and developers. Experts believe that emerging markets have a lot of potential to deliver in the
Gudi Padwa creating positive sentiments
Apr 02, 2014
MUMBAI: Gudi Padwa is considered as an auspicious time to invest in real estate, by Hindus. The festival signifies new beginnings and is usually earmarked for major purchase decisions including home buying, and holds a lot of prominence for developers in Maharashtra. Considered a time of renewal, it also coincides with Punjab’s Baisakhi, Tamil Nadu’s Puthandu, Andhra Pradesh’s Yugadi and Kerala’s Vishu
Kolte-Patil, ASK Property acquire Pune land parcel for Rs 160 crore
Apr 02, 2014
MUMBAI: Pune-based Kolte-Patil DevelopersBSE 2.64 % and realty fund ASK Property Investment Advisors have jointly acquired a 30-acre land parcel at Kondhwa in Pune for around Rs 160 crore, top executives of the two firms said.
10 more days for property tax recovery even as fiscal year ends
Apr 01, 2014
KOLHAPUR: The Kolhapur Municipal Corporation (KMC) has extended the recovery period for property tax for ten more days though the financial year ended on March 31.
What is the connection between real estate and elections
Apr 01, 2014
MUMBAI: While all eyes are on the general elections, the real estate sector is holding its breath for the potential optimism that is expected once the results are out. This optimism is expected to boost transactions and lift homebuyer sentiment.

Latest Realty News Of State

Realty Talk's