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festival season

Banks cut loan rates for festival season

Banks cut loan rates for festival season
ICICI, HDFC and Vijaya Bank have joined the race to cut rates for the festival season, in a series of efforts by lenders to boost home market. The lenders have cut their rate by up to 100 basis points on their home loans. Under the festival scheme, ICICI Bank will offer home loans of Rs [...] Continue Reading »

Developers banking on 20:80 scheme

Developers banking on 20:80 scheme
The mid-sized developers are banking upon the 20:80 scheme in the upcoming festival season. It has been considered a popular marketing tool to attract buyers amidst a slowdown in the real estate business. Under the scheme, which is known as the ‘subvention scheme’, a buyer has to pay only 20 per cent upfront, while the [...] Continue Reading »



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