Latest Realty News

Important facts you don’t know about home loan
Apr 03, 2014
DELHI: Home loan is the driving force behind the Indian residential real estate market. Without home loan, a large portion of the Indian population would be forced to live in rental houses.
Home loans decrease by 55%
Apr 03, 2014
AHMEDABAD: The slowdown in real estate and overall economic slump has led to a record shortfall in demand for home loans last year. According to the latest report by state-level bankers' committee (SLBC), fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year, a decrease of 55% from the same period in 2012.
SBI extends special home loan scheme indefinitely
Apr 03, 2014
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.
Axis Bank launches 30 year 'affordable housing' loan to lower income segment
Apr 03, 2014
LUCKNOW: Axis Bank, India's one of the largest private sector banks, on the occasion of its 20th anniversary announced the launch of 'Asha home loan', a 30 years home loan product for the first time home buyers in the lower income segment seeking affordable EMIs (equal monthly installments).
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.
Interest on home loan from employer may get tax sop
Apr 02, 2014
DELHI: The finance ministry has proposed to allow tax deduction against intrest on loans taken from employer for self-occupied property in addition to home loans from banks, a concession that was not offered in the DTC Bill introduced in Parliament.
First investments for a young professional
Mar 31, 2014
MUMBAI: For a while now, we have been addressing the needs and concerns of individuals approaching retirement. Not surprisingly, we received queries from young professionals — who have just started their career.
Interest rate cut on the cards
Mar 29, 2014
BANGALORE: The Reserve Bank of India (RBI) is scheduled to announce the annual monetary policy for 2014-15 on April 1. Going by the present macro and microeconomic factors, the RBI is likely to cut the key interest rates marginally.
Too many houses,too little money
Mar 25, 2014
DELHI: For over a decade before the crisis actually hit, especially between 2002 and 2004, a lot of investors from around the world were parking their money with banks in the U.S. for very low interest rates. Money was so widely available, and so cheap, that banks started lending them to individuals as home loans (housing mortgages). Since banks didn’t know what to do with all the spare cash lying around, in many cases, they lent this money to people who wouldn’t be able to pay back.
How to plan your real estate purchase
Mar 13, 2014
HYDERABAD: Home is where the heart is – goes the popular adage. It is one of the biggest and probably the most significant investment that entails a lot of planning. The word planning does not necessarily mean mobilisation of funds or scouting for the best home loan offers. Great location and affordable price are common enticements used by real estate developers and builders to lure ‘gullible’ people. People are naïve when it comes to evaluating the cost of an apartment.
IRDA asks SBI Life to refund Rs 275 crore
Mar 13, 2014
MUMBAI: In a move that will benefit 7.5 lakh borrowers of State Bank of India Group, the insurance regulator has asked SBI Life to refund Rs 275 crore of premium collected from policyholders, which makes it the biggest refund order in insurance history. The life insurer, which was earlier fined for mis-selling its Dhanraksha Plus LPPT through SBI and associate banks, has now been asked to refund excess commission that it has paid out of premium collected under this policy.
Life Insurance Corporation close to seizing Unitech's Noida land
Mar 11, 2014
DELHI: Life Insurance Corporation of India (LIC) has taken "notional possession" of a slice of real estate major Unitech's 350-acre land parcel in Noida after the company failed to repay a part of its nearly Rs 150-crore loan from the country's largest insurer.
SBI offers lower rates to rivals’ customers
Mar 11, 2014
CHENNAI: In a fresh twist to the rate war in home loans, the country's largest lender State Bank of India is pitching its low interest rates to lure buyers who have already availed mortgages from rivals. The bank has sent out emails to prospective customers where it is marketing a balance transfer scheme in addition to selling fresh loans.
India Infoline Home Finance launches Rs 200-crore NCD issue
Mar 11, 2014
MUMBAI: India Infoline Housing Finance (IIFL) launched a non-convertible debenture (NCD) issue today to raise upto Rs 200 crore in a six-year debt offering up to Rs 12.68 per cent yield.
Aadhar Housing Finance Forays into Gujarat
Mar 08, 2014
AHMEDABAD: Aadhar Housing Finance Limited (Aadhar), a segment focused housing finance company, today announced the launch of its operations in Gujarat to provide housing finance to the lower income segments (whose monthly income is between Rs 5000 to Rs 25000). The Company currently operates across 7 States namely Madhya Pradesh, Uttar Pradesh, Chhatisgarh, Odisha, Jharkhand, Bihar and West Bengal.
When is the right time to take a home loan?
Feb 28, 2014
PUNE: Due to the on-going economic uncertainties, many aspiring home owners in Pune are hesitant about taking a home loan. One of the concerns is whether it makes more sense to rent now and await a price correction.
DHFL announces home loan offer for women customers
Feb 27, 2014
DELHI: DHFL, India’s second largest private housing finance company, today announced an exciting offer on its Home Loan products exclusively for women customers. Under the ‘DHFL Home Loan for Women’ offer, all single / first woman applicants who are also the sole / co-owners in the property will be eligible for a 25 bps (0.25 per cent) waiver on the rate of interest. This scheme can be availed at any DHFL office across 456 locations in India till March 25th 2014. All customers who avail of the h
Buy your first home by March 31 to avail tax benefit
Feb 19, 2014
DELHI: Those planning to buy their first house should rush and complete the formalities by March 31 to avail of the additional tax benefit against the interest paid on a home loan. That's because an exemption available to taxpayers will lapse in the current financial year which enables them to reduce the interest paid from the taxable income. The reduction can be up to Rs 1.5 lakh under section 24 of the Income Tax Act and up to Rs 1 lakh under section 80EE against the interest paid on home loan
Realtors seek tax breaks for home buyers, builders to beat sluggish demand
Feb 11, 2014
DELHI: To beat a sluggish demand, real estate developers have sought tax breaks for home buyers and builders that could help boost sales as well as speed up new launches.
RCap net zooms up on higher margins
Feb 08, 2014
MUMBAI: Reliance Capital (RCap), the non-banking finance company of the Anil Ambani-led Reliance Group, has reported a 65 per cent increase in its net profit on a consolidated basis to Rs 166 crore for the quarter ended December, mainly due to strong performances of the housing finance and mutual fund segment.
Smart ways to manage your home loan interest burden
Feb 05, 2014
MUMBAI: Hopes of a minor fall in interest rates, especially on home loans, were dashed last week after the RBI hiked its key rates in its policy review. Home loan borrowers, especially those crushed by a heavy EMI, have been looking at the RBI for some solace for a while now.
Realtors left wringing hands with home loans set to cost more
Jan 29, 2014
DELHI: Hit by slowdown in sales coupled with few new launches, the real estate sector says it is disappointed by the Reserve Bank of India’s move to hike the repo rate.
Hike in key interest rate to hit property market: CREDAI
Jan 29, 2014
DELHI: The Reserve Bank's hiking the key policy rate today will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move.
Raghuram Rajan may hold rates; EMIs to stay unchanged
Jan 27, 2014
DELHI: Supported by falling inflation rates, the Reserve Bank of India (RBI) is widely expected to keep its key lending rate, the repo rate, unchanged at 7.75% in its monetary policy review on Tuesday, temporarily warding off fears of an immediate hike in consumer and home loan EMIs.
Kalyan builder penalized Rs 3 lakh for delaying flat possession
Jan 27, 2014
THANE: The Thane district consumer redressal forum recently directed a builder in Kalyan to pay a compensation of Rs 3 lakh to a Kalyan resident for not giving possession of a flat she had booked in 2007 though he had received Rs 16.40 lakh, which is 85% of the total flat cost of Rs 19 lakh. The forum further directed the builder, Pushkaraj Builders and Developers to give possession of the 850 sq ft flat within 30 days, failing which they will have to pay penal charges of Rs 1,000 per day of the

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