Latest Realty News

Jan 10, 2016
New Delhi: Government needs to look at the possibility of providing soft loans of Rs 10-20 lakh for purchase of houses to give a boost to the realty sector and investment cycle, says newly-elected Ficci president Harshavardhan Neotia.
Jun 27, 2015
MUMBAI:HDFC chairman Deepak Parekh has called for an end to the ban on loans for acquiring property for development. According to Parekh, easing finance to developers would help bring down cost of houses.
Real Estate: Boost for property buyers
Jul 12, 2014
MUMBAI: The proposals announced in Budget 2014-15 for the realty sector are expected to improve liquidity for cash-short real estate companies, improve demand for housing and increase the supply of affordable houses.
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.
Couple arrested for cheating banks
May 11, 2014
VISAKHAPATNAM: While many people find it very difficult to get a home loan for constructing their dream house, a couple allegedly managed to deceive two different banks and secure two different home 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.
Growth in restructured loan book stabilising
Mar 07, 2014
MUMBAI: Kohlberg Kravis Roberts (KKR & Co) and Blackstone Group LP, two of the major private equity (PE) investors in India, are planning to increase their exposure in the country by changing their investment strategy. While Blackstone is doing a lot of real estate investments, KKR says it will focus more on investing in stressed corporates
Bad loans expected to be higher this fiscal: FM
Mar 07, 2014
DELHI: Finance Minister P. Chidambaram Wednesday said the Non-Performing Assets (NPAs) or bad loans of the public sector banks are expected to be higher this fiscal, which is a matter of big concern.
NPAs rise as slowdown persists
Mar 07, 2014
DELHI: The economic slowdown seems to have helped push the gross non-performing assets (NPAs), or doubtful loans, of public sector banks (PSBs) to 5.17 per cent of their advances by end-December 2013, against 4.18 per cent a year before.
Bank licences on course despite polls
Mar 07, 2014
DELHI: Finance Minister P Chidambaram on Wednesday clarified the Reserve Bank of India (RBI) was likely to issue a few bank licences during the remaining term of the incumbent United Progressive Alliance (UPA) government, notwithstanding the model code of conduct that kicked in with announcement of the election schedule.
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.
Deccan Chronicle: Lenders with low exposure seek faster action
Jan 31, 2014
CHENNAI: While big lenders to the debt-ridden Deccan Chronicle Holdings Ltd (DCHL) are keeping their fingers crossed, a few banks that have relatively low exposure seem to be moving fast to secure their loans.
Banks find safe haven in home loans as NPAs rise
Jan 30, 2014
MUMBAI: As loans in infrastructure and small businesses turn bad and corporates fight shy of making fresh investments, banks are finding home loans a safe haven. As a result, home loans are among the fastest growing segments at 13.5% in the first nine months of the fiscal. This is good news for borrowers as banks are offering a better deal to home loan customers than to top corporates.
Realty a better buy in smaller towns
Jan 27, 2014
DELHI: Smaller towns and cities closer to metros and industrial hubs are seeing significant housing demand, on the back of lower land cost and increased prosperity. This is in sync with the earnings of HDFC, which cited growth in retail loans across smaller towns, for posting good numbers for the third quarter.
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.

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