home loan
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
The Reserve Bank of India ordered all the banks to stop charging penalty on prepayment of home loans taken on floating interest rates. The order is circulated after the Damodaran Committee had observed that foreclosure charges levied by banks on prepayment of home loans were resented by home loan borrowers. The removal of the charges [...] Continue Reading »
Banks are the major source of funds for the realty sector in India. Due to steady downfall in demand, the real estate companies were not able to repay their bank loans. In a report submitted to the Lok Sabha, it is reported that almost 7 lakh crore of bank loans are still to be paid [...] Continue Reading »
Sundaram BNP Paribas Home Finance has decided to raise funds for investment into real estate home loan. The group will raise Rs 2700 crore in this financial year 2012-13. The company would raise the funds through non-convertible debentures and by refinancing from National Housing Bank. Sundaram home loan also set a target to disburse home [...] Continue Reading »
The Reserve Bank of India has doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending. This decision will encourage the EWS people for buying housing properties in India . In a notification RBI ordered to extend the bank loan limit to non-governmental agencies for the purpose of construction or [...] Continue Reading »
Following the Reserve Bank of India’s move to slash policy rates, the leading banks are planning to reduce the home loan rates. Some leading banks have already cut their home loan rates for existing and new customers, while the other banks are in the process of deciding the new rates. Higher home loan rates and [...] Continue Reading »
The big players of the real estate in Indore are highly motivated after the rate cut decision taken by the Reserve Bank of India. The builders of Indore are expecting a rise in demand of apartments in Indore as the home loan interest likely to be cheaper. With higher inflation rate the prospective home buyers [...] Continue Reading »
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 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 »
