Equated monthly installments
Reserve Bank of India is expected to revise the prevailing interest rates as its the policy time review for this prevailing year. This has set a record as this marks the interest rate hike for 13th time in around 19 months. This Diwali is sure to dampen the property buyers dream if they had plans [...] Continue Reading »
Indian financial market is facing a slowdown in economic growth which is increasing bad loans resulting in home loan borrowers to face annual burden of Rs 6,000 crores. There is a drastic increase in Equated Monthly Installments (EMI) and this due to the rising interest rates. Meanwhile the Reserve Bank of India (RBI) has hiked key [...] 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 »
