Realty News
The state government of Karnataka will permit to construct homes on the agriculture land for the villagers to promote the housing policy for the poor. This facility will be given to the SC/ST communities, and they will be able to avail benefits like home loan and subsidy under different housing schemes of the State and [...] Continue Reading »
The education board of Pune proposed to the civic body to hand them over the Sun Dew Apartments for starting a Marathi e-learning academy. According to the proposal, the first four floors of the apartment will be used by the board to set up a primary e-learning Marathi school. A teachers training centre will be [...] Continue Reading »
The Reserve Bank of India barred banks from charging any fee from a customer who wants to repay an outstanding loan and close the account. This will give the home loan customers a greater flexibility to opt for other banks for better interest rates. Housing finance regulator National Housing Bank (NHB) has already barred home [...] Continue Reading »
The real estate industry is very much sensitive to the home loan interest rate. With the RBI decision to cut key lending rates by 50 basis points, builders and home loan customers will be benefited. The reduced cost of borrowing is expected to be passed on partially by banks to borrowers in the form of [...] Continue Reading »
State-owned Punjab & Sind Bank (PSB) on Tuesday announced a cut in home and auto loans for new borrowers by up to 0.75 percent. According to Chairman and Managing Director of Punjab & Sind Bank, this decision has been taken ‘for the benefit of people at large’. The bank made the announcement just after RBI [...] Continue Reading »
A multipurpose building inclusive of library, parking, hall facility and gym was recently inaugurated at Vashi Sector 14 in Mumbai. The building has been planned to serve the residents surviving in the surrounding environment. The multipurpose building construction with excellent facilities is expected to be completed in a span of other two year. A spacious [...] Continue Reading »
Maharashtra Chamber of Housing Industry thinks commercial banks should cut interest rates so that home loans will become affordable. The cost of real estate properties were higher because of high cost of funding. The builders association also welcomed the RBI decision to scrap pre-closure of loans. It is a wise decision for a stagnating economy [...] Continue Reading »
The chairman of State Bank Of India thinks after the decision taken by the RBI, the monetary transmission will increase over the industries. Credit absorption will increase for the commercial banking’s. Auto loans, farmer credit will see a good market opportunities. Public sector companies will also roll out their investment plans to absorb lot of [...] Continue Reading »
The real estate developer community has welcomed the Reserve Bank of India’s decision on reduction on repo rates. The builders association has expressed their concern that the decision will benefit both the real estate buyers and the developers. The CREDAI president said that the commercial banks should cut rates of interest so that home loans [...] Continue Reading »
Five people were found dead at Gangotri apartment in Regent Park locality. According to the residents of that locality, a fire broke out in the third floor of the apartment at around 2.30 am. They immediately informed the local Regent Park police station and three fire tenders were pressed into service to douse the flames. [...] Continue Reading »
