Latest Realty News

Realty players seek more cuts in RBI rate to boost sector
Mar 20, 2013
NEW DELHI: Real estate players and analysts on Tuesday welcomed the Reserve Bank's move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
Budget 2013: Will property become more affordable now?
Mar 04, 2013
If you are still waiting to buy your first house, the budget has some good news for you. The finance minister has extended an additional benefit of Rs 1 lakh on home loans up to Rs 25 lakh for first time property buyers.
Budget 2013: A boost for affordable housing says Gagan Banga, Indiabulls
Feb 28, 2013
"One has to compliment the Finance Minister, Mr P Chidambaram, for addressing the nation's priorities in his budget for 2013-14," said Gagan Banga, CEO, Indiabulls Financial Services Ltd, adding, "he has presented a realistic and balanced budget, which is a good beginning."
Understand ‘rest’ periods when choosing home loan offers
Feb 13, 2013
Financial institutions have various parameters surrounding the loan amount detailing the manner in which the loan is repaid. One such parameter is 'rest'. This is the regular interval at which the loan amount balance is recalculated and also refers to the periodicity of compounding. This can be possible only in the case of reducing balance loan amounts. A rest can be yearly, monthly or even daily.
Home loans to get cheaper after RBI cuts rates at last
Jan 30, 2013
If you're planning to buy a home, there's good news around the corner. On Tuesday, the Reserve Bank of India (RBI) announced a long-awaited cut to its main interest rate, goading banks into reducing the cost of housing loans.
Rate cut expected to soften home loan rates, improve dipping home sales
Jan 29, 2013
NEW DELHI: Home buyers could be in for a cheer this spring as home loan rates are expected to soften after the Reserve Bank of India reduced its key policy rates.
Citibank's cash rewards for home loan referrals
Jan 27, 2013
Citibank has introduced a referral programme for its customers in India, offering cash rewards of up to Rs 75,000 if a customer refers his friend or family member to borrow money from Citibank to buy a house. The amount will depend on the loan disbursal.
SBI makes it easier for you to shift home loan
Nov 08, 2012
State Bank of India (SBI), India’s largest lender, has made it easier for home loans of other banks to swiftly flow into its books.
ICICI Bank starts 'cash back' on home loan EMIs
Nov 05, 2012
ICICI Bank, the largest private sector lender, introduced on Friday a new housing loan product offering borrowers cash back on every equated monthly instalment (EMI) for the entire tenure of the loan.
Home loan growth crashes to 5-month low due to surge in house prices
Nov 05, 2012
MUMBAI: Growth in home loans has slumped to a five-month low despite banks showering potential buyers with attractive schemes and lower rates due to soaring real estate prices.
SBI is organizing a two-day property exhibition from 20th Oct 2012
Oct 19, 2012
Bhubaneswar: The State Bank of India (SBI) is organizing a two-day property exhibition at SBI LOCAL HEAD OFFICE, Bhubaneswar (Opp. Rabindra Mandap, Jawaharlal Nehru Marg) from 20th to 21st October, 2012. Since a lot of people tend to buy or change homes during the summer vacation, the time is ripe for such an exhibition in the city. The event, supported by Orimark Properties, will witness the
SBI eyes Rs 2-lakh-cr home loan portfolio by March '15
Oct 19, 2012
SBI’s home loan portfolio has recorded a 73.86 per cent growth against Rs 62,338 crore as on September 30, 2009 The country’s largest bank, the State Bank of India (SBI), is eyeing aggressive targets as it looks at doubling its home loan portfolio over the next three years. “We are hoping to have a home loan portfolio worth Rs 2 lakh crore by March 31, 2015. As on September 30, it stands at
Cut in home loan interest rates will spur demand in the housing sector
Sep 29, 2012
A huge impetus to the real estate sector could help arrest the present slowdown in the economy to a projected growth rate of around 6% in 2012-13 as against 6.5% in 2011-12 and 8.4% in 2010-11 , real estate experts say. In 2008-9 also, when India's growth had slowed down to 6.7%, from 9.3% in the previous year, the revival of the real estate sector due to launch of houses in the affordable seg
HUDCO re-enters home loan business
Aug 31, 2012
State-run Housing and Urban Development Corporation (HUDCO) today said it has restarted lending for home purchases by launching a "competitively" priced product. The corporation, mandated with affordable housing and urban development, will be offering home loans at a floating rate of 10.20% for loans up to Rs 25 lakh, its regional office in the city said in a statement today. The interest r
P Chidambaram asks banks to put pressure on real estate developers to lower property prices
Aug 22, 2012
MUMBAI: P Chidambaram, the newly-appointed finance minister, has asked chiefs of government-owned banks to put pressure on real estate developers to lower property prices in order to get the economy moving. In a meeting held last Saturday with bank chiefs, the finance minister told bankers to impress upon builders the need to complete projects according to schedule and lower the prices of apa
SBI cuts home, car loan rates
Aug 02, 2012
Mumbai, Aug. 1: Retail borrowers will finally have something to cheer about after the State Bank of India (SBI) today slashed its interest rates on home loans by as much as 60 basis points. The rate cut will make housing loans from the country’s largest commercial bank cheaper than those offered by its rivals. The decision was taken at a meeting of its asset-liability committee (Alco). The

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