Latest Realty News

State-Bank-of-India-ties-up-with-Bankbazaar.com-for-home-loans
Jul 14, 2015
PUNE: State Bank of India (SBI) has entered into a tripartite memorandum of understanding (MOU) with online financial product aggregator bankbazaar.com and the bank's subsidiary SBI CAP Securities Ltd. (SSL) to display its housing loan products on the bankbazar website.
SBI-to-e-auction-distressed-properties-on-June-12
Jun 05, 2015
Country’s largest lender State Bank of India on Friday said it will be selling its distressed assets through an online auction on June 12.
SBI sets up property mall in Ludhiana
Sep 12, 2014
State Bank of India has launched an initiative called SBI Property Mall for popularising sale of industrial, commercial and residential properties by e­auction
Margins will be stagnant this fiscal due to high cost of funds: Tata Capital HF
Oct 05, 2013
MUMBAI: Tata Capital Housing Finance may not see much improvement in its Net Interest Margins this financial year, due to higher cost of funds and pressure from high inflation, said R Vaithianathan, Managing Director, Tata Capital Housing Finance.
Here's how you can tackle a ballooning EMI
Oct 04, 2013
MUMBAI: After the unexpected policy rate hike on September 20 by the Reserve Bank of India (RBI), many banks are contemplating an increase in their lending rates. If they decide to hike their base rates, home loan borrowers may have to deal with a ballooning EMI once again within a short span of time.
How you can get yourself a cheaper home loan
Sep 25, 2013
MUMBAI: The country's largest bank, State Bank of India, raised base rates (BRs) by 10 basis points (bps), last week. This means an effective increase of 0.1 per cent on all loans. In addition, from October 1, the spreads on home loans will go up by five to 10 bps. For loans below Rs 30 lakh, the spread will be 30 bps, as against 25 bps now. For loans of Rs 30-75 lakh, the spread will be 50 bps, as against 40 bps now. This means for loans up to Rs 30 lakh the effective rate will be 10.1 per cent
Realty companies may offer discounts to clear inventory
Sep 23, 2013
DELHI: The upward revision in repo rate by the Reserve Bank of India is likely to increase pressure on real estate developers to offer discounts in the upcoming festive season as they struggle to clear their inventory at a time when demand is tepid and interest rates are rising.
Realty companies may offer discounts to clear inventory
Sep 21, 2013
DELHI: The upward revision in repo rate by the Reserve Bank of India is likely to increase pressure on real estate developers to offer discounts in the upcoming festive season as they struggle to clear their inventory at a time when demand is tepid and interest rates are rising.
What happens if a lender takes over a housing project?
Sep 09, 2013
KOLKATA: Last month, the State Bank of IndiaBSE -0.18 % took over a housing project in Kolkata because the developer had defaulted on repayment of dues to the tune of Rs 176 crore. The Teen Kanya project was promoted by the Bengal Shelter Housing Development, a joint venture in which the state housing board has 49% stake. Therefore, its repossession by the SBIBSE -0.18 % has come as a shock for the 400-odd families that have invested in the project.
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.
With no takers for N Point building, AI plans to sell city flats
Sep 01, 2013
MUMBAI: Having failed in its plans to rent out the iconic 23-storey building in the megapolis which till recently was its headquarters, state-run Air India has now put some of its residential properties under the hammer.
No proposal to hike foreign investment limit in banks: Govt
Aug 24, 2013
DELHI: There is no proposal to hike foreign investment ceiling in the banking sector, the government said today.
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.
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 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

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