Latest Realty News

Transfer your home loan in easy steps
Sep 16, 2013
HYDERABAD: If you are not happy with your existing Home Loan, then there is a ray of hope for you. Now you can transfer your loan to another bank. Loan Transfer or Refinancing of loan is an easy option through which most of the people nowadays are opting to take the benefit of lower interest rates prevailing in the market.
Lenders cut EMIs, raise tenure to lure home buyers who deferred purchase
Sep 09, 2013
CHENNAI: Dewakar G is looking to shift his home loan to another bank or housing finance company (HFC). Currently, he pays an equated monthly instalment (EMI) of Rs 26,048 on a home loan of Rs 22 lakh - which works out to Rs 1,184 per lakh.
Housing prices dip in Delhi, Mumbai, Bangalore as slowdown takes its toll
Aug 29, 2013
DELHI: The rising interest rates, liquidity tightening in the banking system and slowing down of economy have badly affected the real estate sector. As the demand for residential real estate has softened, its prices across the markets in India have started showing a declining trend.
ASK Property to invest up to Rs 500 crore by fiscal-end
Jul 15, 2013
MUMBAI: Private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects by this fiscal end, a top company official said.
ASK Property to invest up to Rs 500 crore by fiscal-end
Jul 14, 2013
MUMBAI: Private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects by this fiscal end, a top company official said.
Will the Real Estate Bill see a rise in property prices?
Jul 08, 2013
DELHI: Once implemented, the Bill will bring a lot of transparency in the sector, and all the developers support and appreciate it. However, one needs to understand that there are certain sticky points. Take the deposit of 70% of the cost of the project, which includes the land and construction cost, in an escrow account, which would suck up the liquidity from the market. The land cost is the highest one has to bear today, and currently, most developers are facing liquidity crises, which will be
Poddar Developers eyes Rs 500-cr revenues by FY'17
Jun 30, 2013
MUMBAI: Betting big on the increasing demand for affordable housing, realty firm Poddar Developers expects to double its revenues to Rs 500 crore over the next three years, a top company official has said.
Easier ECB norms to create more affordable housing: Crisil
Jun 27, 2013
MUMBAI: The easing of fund-raising norms through the external commercial borrowing (ECB) route will lead to developers focusing on low-cost housing projects, says rating agency Crisil.
Twin benefits: Save and prepay home loan
May 20, 2013
Usually, a home loan is one of the biggest liabilities. Considering the huge amount and the long tenure involved, it is advisable to repay the loan at the earliest. And, as both the Reserve Bank of India and the National Housing Bank have abolished the penalty on prepayment of home loans (for floating rate loans), it is sensible to prepay your home loan and save on interest.
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.
Property prices firm despite high interest rates: Nomura
Nov 04, 2012
MUMBAI: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, according to a Nomura report.
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
RBI Governor Subbarao keeps rates unchanged but says there is scope for a cut
Aug 01, 2012
MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao left interest rates unchanged citing worsening inflationary expectations and little signs of improvement in government finances, but said there is scope for a cut, leaving the timing of it wide open. The RBI lowered the proportion of government bonds that banks should hold, providing a window for higher lending to industry, but that may n
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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