EMIs
Axis Bank, India’s third largest private sector bank, on the occasion of its 20th Anniversary launched ‘Asha Home Loan’ earlier this week. This is a 30-year home loan product for first-time home buyers in the lower income segment looking for affordable EMIs. Asha Home loans are for customers with family incomes of 8000-10,000 per month [...] Continue Reading »
Greater Noida Authority has been offering a zero period to builders for paying installments. This seems to have motivated the homebuyers of Noida Extension. The buyers, forming a group of around 80 members, on Monday, demanded banks to waive off interest paid on EMIs during the land row period. Although builders have promised not to [...] Continue Reading »
A sigh of relief can be felt by the home buyers by the recent dip in interest rates! Delhi’s renowned firm, BPTP has tied up with HDFC to provide home loans at a cheaper interest rate of only 5.99%. This scheme is to lure more and more buyers to avail affordable home loan for recently [...] Continue Reading »
To pay 20% of total cost of the apartment initially in Purvankara Projects and rest only at the time of possession, the realty developer has come up with a 20/80 deferred payment scheme. The interest cost on the 80% of the value of the apartment till possession will be bear by the company itself. EMIs [...] Continue Reading »
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
The Reserve Bank of India (RBI) had jacked up its key lending rate by a steep 425 basis points in the past 15 months to batten down inflation and the banks have passed on the increased cost to borrowers. Banks have been witnessing rising risks from small and medium scale industries and unsecured portfolios, which [...] Continue Reading »
Builders in Noida Extension have assured existing buyers that they do not have to incur any additional expenditure due to the ongoing land row. The builders say that new home buyers may have to shell out more than the current prices to cover the losses incurred by them if additional compensation is paid to villagers. [...] Continue Reading »
