Latest Realty News

HDFC rides small-town housing boom
Jan 23, 2014
MUMBAI: Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, posted a 12 per cent increase in its October-December net profit, helped by strong demand for home loans from non-metros.
Indian Banks Seek Refuge in Home Loans, Crowd onto HDFC's Mortgage Turf
Jan 23, 2014
MUMBAI: HDFC Dec quarter net profit rise 12 pct, meets estimates, SBI, ICICI, other lenders expect to grow home loans by 18-25 pct,Intensifying competition in home loans segment threatens margins.
HDFC mortgage business gets crowded as banks seek refuge in home loans
Jan 23, 2014
MUMBAI: Mortgage lender Housing Development Finance Corp Ltd (HDFC), loved by global investors for its steady profit growth, faces an intensifying battle for business and market share as banks aggressively push home loans.
Indian Bank, IOB launch special drive for home loans
Jan 23, 2014
CHENNAI: In an attempt to target prospective home buyers, public sector lenders -- Indian Bank and Indian Overseas Bank -- are offering home loans at interest rates of 10.20 and 10.25%, respectively.
HDFC net profit rises 12%, meets estimates
Jan 23, 2014
MUMBAI: Mortgage lender Housing Development Finance Corp (HDFC) posted a 12% gain in quarterly net profit, in line with estimates, aided by higher loan growth.
Realty runs into NPA hurdle
Jan 13, 2014
PUNJAB: Gurdeep Singh’s (name changed) residential property will be auctioned by his lender on January 24. As Singh has defaulted Rs 24.78 lakh home loan with a major private bank, the bank has seized the property in Ludhiana district of Punjab under the SARFAESI Act and put it up for auction.
Indian Bank, Indian Overseas Bank launch special drive for home loans
Jan 08, 2014
CHENNAI: In an attempt to target prospective home buyers, public sector lenders -- Indian Bank and Indian Overseas Bank -- are offering home loans at interest rates of 10.20 and 10.25 per cent, respectively.
Should you prepay a home loan before you retire?
Jan 08, 2014
DELHI: Manoj Pradhan, who is set to retire in five years, has two properties. Since he has taken a home loan, one of these is mortgaged with the bank. He gets a concessional rate as he is a bank employee and hasn't prepaid the loan. He is banking on his pension, rent and investment returns for post-retirement needs. He isn't sure if he should repay the loan before he retires or allow it to continue. He needs help in taking the decision.
Housing finance firms account for 2/5th of home loan market
Jan 08, 2014
KOLKATA: Housing finance companies account for almost two-fifths of the retail home loan market in the country. The home loan portfolios of mortgage lenders have also grown at a faster pace than that of scheduled commercial banks in the last few years.
Lenders bank on home loan portfolio, cut interest rates
Jan 03, 2014
DELHI: With competition in the home loan space getting intense, banks are looking to spruce up their products by either cutting rates or allowing customers to borrow larger amounts at the same rate, reports Shashidhar Jayakumar in Mumbai. M Narendra, CMD, Indian Overseas Bank, told FE his bank was toying with the idea of giving home loans at 10.25% for a value of up to Rs 75 lakh, way more than the current R30 lakh that it allows.
Small, mid size developers overshadowing big names
Jan 02, 2014
MUMBAI: Buying a home is a dream for many as it consumes a major chunk of the savings. But due to delay in possession, despite investing hard-earned money, denizens are not able to live their dream. Timely possession has always been a big question for buyers bearing home loan interest, rent and daily expenses in times of high inflation.
Build a corpus soon after buying a house
Dec 31, 2013
MUMBAI: Raghavan and Radhika Ranjan recently purchased their own apartment, their first big-ticket investment. It was an achievement for them considering that they are in their early thirties. The process of finding the right property, completing the paper-work, furnishing took the Ranjans nearly 10 months.
Banks try to attract home buyers with low interest rates
Dec 23, 2013
MUMBAI: Barely days after the Reserve Bank of India (RBI) surprised the Street by keeping the repo rate unchanged, banks and mortgage lenders have started lowering the interest rates on home loans.
Posh areas take a realty beating
Dec 23, 2013
KOLKATA: Will the government do anything to tame the rising trend of inflation? Is there anything in the market that I can buy at a reasonable price? Set aside your first question for policymakers at the Centre, but as far as your second query is concerned, we certainly have an answer. You can buy a property at select parts of the city where real estate prices are literally on the wane. Sounds intriguing? Read on.
Realty sector welcomes home loan rate cuts by SBI, HDFC
Dec 21, 2013
MUMBAI: Welcoming the 0.25 per cent rate cut by two of the biggest home loan financiers SBIBSE 1.24 % and HDFC, realty sector participants today said the move will help revive interest in the gloomy market.
Rate sensitives boost markets; Realty index up 3%
Dec 21, 2013
MUMBAI: Benchmark share indices firmed up in late noon trades led by rate sensitive shares after the Reserve Bank of India kept key policy rates unchanged, despite calling current inflation too high, citing the prospect of easing retail prices and its concerns about the weak domestic economy.
Realty stocks edge higher as SBI, HDFC cut home loan rates
Dec 21, 2013
MUMBAI: Ten realty stocks were up 0.6% to 20% at 15:19 IST on BSE after State Bank of India and HDFC on Thursday, 19 December 2013, cut home loan rates.
Realty-high GSC to invest $1 bn in India over 3 yrs
Dec 21, 2013
DELHI: A slowdown in the real estate space does not seem to have dampened US-based private equity firm Golden State Capital (GSC), which has decided to invest close to $1 billion in India over the next three years through its real estate investment trust (REIT). It also expects to get its REIT listed on the Singapore stock exchange next year.
SBI slashes home loan rates by up to 0.4 per cent
Dec 20, 2013
DELHI: Two biggest housing financiers SBIBSE 0.60 % and HDFCBSE 0.71 % on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after the Reserve Bank kept its key policy rates on hold.
HDFC cuts home loan rate by 25 bps
Dec 20, 2013
MUMBAI: Mortgage lender Housing Development Finance Corp (HDFC) on Thursday announced a quarter percentage point cut in home loan rates.
Liquidity, realty demand slump keep home loan rates in check
Dec 13, 2013
CHENNAI: Home loan rates may have firmed up a bit in the last 10 days but the range is still lower than the July-August levels and a number of markets are already witnessing some price correction in under construction projects, say top banking sources.
Runaway Indian house price boom seen slowing to a jog
Dec 12, 2013
BANGALORE: After years of double-digit growth, house price rises in major Indian cities are expected to slow to just under 8 percent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed.
Large loans on the rise in banks’ home portfolio
Nov 29, 2013
MUMBAI: Banks have seen a rise in the proportion of home loans above Rs 30 lakh in the past two years, reflecting the sharp increase in home prices over the past few years.
Tax benefits of taking a home loan
Nov 28, 2013
MUMBAI: Interest paid on home loan is allowed as deduction u/s 24(b) of the Income Tax Act while calculating income from house property. If the house is self occupied, the maximum amount of deduction is Rs 1,50,000. However, if the property is rented out, total interest paid on the home loan is allowed as deduction without any limit. Deduction for interest component is allowed only from the financial year in which the possession of the house property has been obtained. Interest paid for the fina
RBI hikes rate, but your EMIs unlikely to go up
Oct 30, 2013
MUMBAI: Reserve Bank of India governor Raghuram Rajan on 29th October stepped up the inflation control drive by raising a key policy rate but the increase is unlikely to impact interest rates for home, car and consumer loans.

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