Latest Realty News

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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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
Foreign banks offer dual-rate products
Oct 28, 2013
MUMBAi: Amid rising interest rates, foreign banks in the country are making an effort to attract home loan borrowers by introducing dual rate or fixed-cum-floating rate products.
Festive season offers on the cards
Sep 21, 2013
BANGALORE: The festival season is here. Navarathri begins in October, followed by Dasara and Diwali. The festive season continues till the end of the year. This period is considered auspicious for new projects, including purchase of property. Banks and housing finance companies make best use of this buoyant phase. Banks are expected to launch special schemes during the season. In the festive season, banks witnesses a growth in retail loans.
SBI surprises with rate hike on home loans
Sep 20, 2013
DELHI: Home loans have become costlier with State Bank of India (SBI) hiking its benchmark rates and revising the pricing in retail loans. The bank has also raised its deposit rates to increase the pace of fund mobilisation.
Gen Y techies who invested in Bangalore 15 years ago now finding it difficult to service their home ...
Sep 05, 2013
BANGALORE: Economic slowdown has cast a shadow on Bangalore's housing market, with the rising cost of living and poor salary increments forcing an increasing number of IT professionals in the city to put their upscale homes on sale.
Banks seek priority sector tag for loans to affordable home builders
Jul 22, 2013
MUMBAI: The Reserve Bank of India is examining a plea by banks to recognise loans given to builders/developers of affordable housing projects as priority sector lending.
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.
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.

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