Banking sectors
Real estate consulting firm Knight Frank in their latest report entitled ‘Economy & Realty @ Glance’ for August 2012, has stated that banking institutions have cut down on their lending to the Indian real estate sector. The report says that the waning interest of the banking sector towards commercial real estate lending has been reflected [...] Continue Reading »
Yet another easy mode of property tax payment in Chennai! Tax payers you can sigh a relief now, with a new mode of property tax payment. The mode of payment is that, several lakh residents can now pay property tax across 13 banks in India. The 13 banks include Indian Bank, Canara Bank, Indian Overseas [...] Continue Reading »
The Noida Authority recently conducted a survey through which the real estate came to the conclusion of having around 17 lakh square feet of land available for commercial purposes in Noida city. The project engineers came forward taking initiative of this survey to give a workable solution for the banking and nursing sectors. These sectors [...] Continue Reading »
It is a fact that realty sales dropped down badly during 2011. Even a recent survey by real estate experts revealed that the housing financing companies also had to face same situation resulting in home loan sales drop down. However, in the real time scenario there is a different story in concern with these housing [...] Continue Reading »
Diwali in India used to record 10 percent profit every progressive month in home loan sectors. However the same time prevails no more as this Diwali recorded a flat income in home loan sales. The housing finance sectors were astonished to face a bad breakdown as this happened never before in the history. Central Bank [...] Continue Reading »
Reserve Bank of India (RBI) recently had set up a committee to taken initiative of ensuring proper flow of finance in India. This was also aimed to ensure transparent and non-discriminatory pricing of credit. Meanwhile the Deputy Governor of Reserve Bank of India, K C Chakrabarty reported saying that the housing finance companies and the [...] Continue Reading »
The home loan borrowers can now cheer as the National Housing Bank (NHB) has banned levy of pre-payment taxes. The house owners can now avail loans from more than 54 various Housing Finance Companies (HFC). The NHB has passed on a mandatory rule to all the HFC to receive a stable interest payment from all [...] Continue Reading »
