Latest Realty News

Realty-investors-and-lenders-seek-higher-collaterals-from-builders-to-safeguard-deals
May 16, 2015
NEW DELHI: Once bitten twice shy seems to be the mantra for real estate investors these days
Govt makes a killing, but builders face cash crunch
Nov 18, 2014
Bengaluru: The steep hike of 15-25% in the guidance value of residential properties in Bengaluru, which kicked in last week, impacts all stakeholders
NHB's decision positive for home finance sector: DHFL President
Oct 21, 2014
COIMBATORE: The decision of National Housing Bank (NHB) to permit home loan borrowers to bring in just 10 per cent as upfront payment for availing loan above ?20 lakh is expected to give a boost to big ticket loans
Diwali gift from NHB for home loan borrowers
Oct 19, 2014
NEW DELHI: Call this a diwali gift from National Housing Bank, the housing finance regulator, to all future home loan borrowers
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.
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.
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.
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.
Affordable housing still remains a dream home
Oct 17, 2013
MUMBAI: Rapid urbanisation and rising movement of people from rural to urban areas are leaving as many as 19 million homeless in India’s cities. With land at premium in cities, this has prompted the Government to push affordable housing projects with the RBI opening the External Commercial Borrowings (ECB) window for developers and housing finance companies to raise up to $1 billion.
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.
Orbit Corporation defaults on 96 crore loans
Aug 06, 2013
MUMBAI: Mumbai-based real estate developer Orbit Corporation has defaulted on liabilities of 96 crore, including repayment of loan availed from LIC Housing FinanceBSE -5.13 % and the interest on the amount, joining the list of troubled players in the sector grappling with a severe liquidity crunch.
India has low mortgage penetration:RBI Dy Guv
Jul 02, 2013
BHUBANESWAR: DWELLING at length on the role of housing as a 'growth driver', Harun R Khan, Deputy Governor, RBI, said that housing has been contributing con­tinuously over the years towards country’s GDP. But, there has been lqw mortgage penetration in India at 7 per cent of GDP with scope for further improvement, he added.

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