Latest Realty News

Selling your old flat to buy new property? Few things to know
Dec 17, 2013
DELHI: Sanjay Dhule is keen to sell the old flat he inherited from his parents and buy a new one in the same city. He has realised that not only is it difficult to get a buyer for the old flat, but the cost of the new one is also high. He will have to put in his own money as well, but is unsure about completing both the sale and purchase transactions seamlessly. He is also worrying about the costs and taxes that may be applicable to him. How should he manage this?
Harsh realty for builders as banks tighten lending rules
Nov 11, 2013
DELHI: The real estate sector, accounting for the maximum number of new projects — 53 of 173, each above Rs 250 crore, in April-September this fiscal — is facing difficulties in achieving financial closure for these projects.
Realty sector: A new pressure point
Nov 06, 2013
MUMBAI: In his first full-fledged review of the monetary policy, Reserve Bank of India (RBI) Governor Raghuram Rajan stuck to the continuing hawkish stance of inflation control first, which has seen the repo rate go up by another 25 basis points. The repo rate is the rate at which the central bank lends money (liquidity) to the financial system, and is the key policy rate. After the RBI action on October 29, it stands at 7.75 per cent.
Housing finance sector poised for growth
Oct 17, 2013
MUMBAI: The housing finance sector is set to see higher growth in the next few years, with an increase in the demand and supply of housing projects.
RBI should allow flexibility in housing loan schemes: CBRE
Sep 05, 2013
New Delhi: Anshuman Magazine, Chairman & MD, CBRE South Asia Pvt. Ltd. says, “The RBI’s decision to disallow banks from granting loans for under-construction projects through innovative schemes will adversely affect the sale of projects where such schemes were prevalent. No doubt banks should do their due diligence and assess risks before agreeing to fund these schemes. However they should be allowed the flexibility of such schemes which encourages more people to own homes.”
RBI prohibits banks from giving 80:20 upfront home loan
Sep 05, 2013
DELHI: It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of construction of housing project, interest/EMI on the housing loan availed of by the individual borrower being serviced by the builders during the construction period/specified period, etc. This might include signing of tripartite
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.
New housing scheme for urban poor: PM
Aug 16, 2012
In good news for urban poor, Prime Minister Manmohan Singh on Wednesday said a housing scheme will soon be launched which will give them relief on interest on loans less than Rs five lakh. Singh also promised that the government will ensure that all households benefit from bank services in the next two years. Addressing the nation from the ramparts of Red Fort on the occasion of Independenc
Govt extends 1 per cent housing loan interest scheme by 1 year
Jul 05, 2012
The government today extended by one year the one per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house does not exceed Rs 25 lakh. "When interest rates have risen, even one per cent relief is a relief for the middle class and lower middle class," Home Minister P Chidambaram told reporters while briefing about last evening's Cabinet meeting. The

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