Latest Realty News

Don't rush to switch banks for lower home loan rate, advise experts
Sep 10, 2014
Despite some large banks and housing finance companies reducing home loan rates a few days ago, industry-observers and planners are advising borrowers to adopt a wait-and-watch approach instead of hurriedly switching lenders.
Fixed-rate home loans back
Sep 05, 2014
ICICI Bank has brought back fixed-rate mortgages. The bank is offering home loans up to 10 years at a fixed rate of up to 10.25%, which is close to 10.15% it charges its floating-rate customers
Oriental Bank of Commerce Cuts Interest Rate on Home Loan
Sep 04, 2014
Oriental Bank of Commerce (OBC) on Wednesday cut home loan rate by 0.5 per cent to 10.25 per cent
SBI to offer uniform interest rate on home loans
Aug 27, 2014
State Bank of India, country's largest public bank on Tuesday revised interest rates on home loans. The bank will offer uniform interest rate on home loans from August 26, irrespective of the loan amount you borrow
SBI, HDFC lower home loan rates
Aug 27, 2014
Lenders are going all-out to woo retail borrowers ahead of the festival season as corporate loan growth continues to remain sluggish and liquidity improves. The State Bank of India and HDFC have brought down home loan rates while others like Punjab National Bank have cut retail lending rates and waived processing charges
Home loans: Making most of headwinds
Aug 23, 2014
Banks and non-banking financial companies (NBFCs) are getting active to make sure they get the maximum number of home loan borrowers when growth in real estate picks up
ICICI Bank offers single interest rate for home loans
Aug 21, 2014
ICICI Bank has announced a single rate of 10.15 per cent for all floating rate home loans up to Rs 5 crore for salaried individuals
RBI Deputy Governor R Gandhi asks bankers to be innovative on home loans
Aug 21, 2014
The Reserve Bank of India will encourage banks and individuals to be actively involved in home loan deposits, a savings product that will help showcase the repaying ability of customers seeking to borrow money to buy a house
Realty, infra gain as RBI signals cheaper loans to priority sector
Jul 16, 2014
Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to these sectors.
Realtors seek reforms to pep up sector
Jul 10, 2014
PUNE: Granting the real-estate sector the status of an industry, interest rate subvention to encourage home buyers and higher tax deductions for home loan and interest on these loans top the wishlist of city-based realtors ahead of the Budget on Wednesday.
To shift lenders or not?
May 22, 2014
MUMBAI: When home loan rates go down, existing home loan borrowers often wish they had delayed their decision to buy the property. Some even shift lenders when the rate difference becomes substantial. State Bank of India (SBI), the country’s biggest lender, has been advertising its ‘cheapest rate’ and encouraging existing borrowers to shift.
ICICI Bank announces cut in home loan rates
May 21, 2014
MUMBAI: ICICI Bank, the largest private sector lender, has announced a 0.10 per cent reduction in home loan rates for a limited period, bringing them on par with bigger rival State Bank of India.
How banks determine home-loan eligibility
May 16, 2014
DELHI: Buying a home is an important personal finance decision. This not only compels us to use our savings for paying down payment for homeloan, it also makes changes to our lifestyle to accommodate the new EMI payment for the home loan.
RBI asks banks not to levy penalty on pre-payment of loans
May 11, 2014
MUMBAI: Providing relief to borrowers, Reserve Bank today directed banks not to levy any penalty on individual borrowers for pre-paying floating loans.
Don’t fine floating loan prepayments, says RBI
May 08, 2014
MUMBAI: Providing relief to borrowers, the Reserve Bank of India (RBI) on Wednesday directed banks not to levy any penalty on individual borrowers for prepaying floating loans.
Prepare your finances before buying a house
Apr 29, 2014
MUMBAI: Moving out of a rented apartment to one's own house is a dream that cuts across income groups. Besides, easy home loan offerings from financiers, including banks, have caught the fancy of many in recent years. However, the huge debt burden has also spelt doom for a large section of aspiring homebuyers, especially those who did not assess their financial ability to service a loan over the long term before taking the plunge.
Banks offer women special loans, rates
Apr 15, 2014
CHENNAI: Taking a leaf out of home finance companies, banks are now wooing women with attractive auto loan offers. India's first women's bank, Bharatiya Mahila Bank is in talks with Tata Motors to offer its customers cheaper auto loans across the latter's entire car range. "We are looking at offering reduced margin for women customers," Usha Ananthasubramanian, CMD, Bharatiya Mahila Bank, said.
Get proactive for a home loan
Apr 11, 2014
PUNE: A home loan looks like an attractive proposition. When you see an advertisement of a bank in a newspaper, offering a very attractive interest rate, a subsequently low EMI, etc., your long cherished dream of owning a house suddenly looks achievable. With banks offering loans on attractive terms and conditions, a dream home is no longer a dream but a reality. However, before you make a home loan application, it would be better to be aware of some of the issues faced by borrowers during the h
NHB ’s move to boost funding for home loans
Apr 11, 2014
BANGALORE: There is some good news for prospective homebuyers. The National Housing Bank (NHB) is focusing on bridging the demand-supply gap. Recently, the NHB decided to use a significant portion of its tax-free bonds’ proceeds to shore up long-term fixed-rate mortgage loans, especially for the low income and middle income housing in urban areas and suburbs.
CREDAI demands reduction in interest rates
Apr 09, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India, seeks a pro-growth stance on the policy rates. It also demands a reduction in interest rates to put growth and demand on the fast track, and develop the housing sector in the economy which has been completely ignored by the successive governments.
How to choose between bank, housing finance company
Apr 08, 2014
MUMBAI: Bringing 20 per cent of a property’s cost to the table isn’t normally easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, easily around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.
SBI extends special home loan scheme for women
Apr 08, 2014
DELHI: State Bank of India today extended the last date for special home loan scheme offering concessional rate to women borrowers.
Banks score on rates, HFCs on amount
Apr 08, 2014
MUMBAI: Bringing 20% of a property cost to the table may not always be easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, which can easily be around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.
Home loan helps save on income tax
Apr 05, 2014
BANGALORE: The deduction you can claim against the payment of interest on a home loan from your taxable income is a major saving. This is especially so as the interest component is higher than the principle amount in the initial years of the home loan tenure. The amount of interest paid can be availed as a deduction under Section 24 of the Income Tax Act under the head ‘Income from House Property' while assessing the total income for the year.
Should you make 20% down payment for your home
Apr 05, 2014
BANGALORE: Pragnya and Atul Abhayankar are couple based in Mumbai. Having reached middle management positions in their respective corporate careers and lived on rent for five years, they have managed to save enough to buy their first home. But even after having done extensive homework on the property and the home loans that they are eligible for, they are still unable to arrive at a decision.They are unsure about whether or not to put down 20 per cent of the total value of the property as down p

Latest Realty News Of State

Realty Talk's