home loan
State-owned Punjab & Sind Bank (PSB) on Tuesday announced a cut in home and auto loans for new borrowers by up to 0.75 percent. According to Chairman and Managing Director of Punjab & Sind Bank, this decision has been taken ‘for the benefit of people at large’. The bank made the announcement just after RBI [...] Continue Reading »
Maharashtra Chamber of Housing Industry thinks commercial banks should cut interest rates so that home loans will become affordable. The cost of real estate properties were higher because of high cost of funding. The builders association also welcomed the RBI decision to scrap pre-closure of loans. It is a wise decision for a stagnating economy [...] Continue Reading »
According to a survey by a real estate portal Central suburb Mumbai and Navi Mumbai have become appreciable place to rent an apartment. The cost of buying a flat is so high that the monthly rent is cheaper than the EMI need to pay against home loan. It is reported that the rent for a [...] Continue Reading »
Through a notification, Reserve Bank of India asked all the commercial banks in India to exclude the stamp duty and registration charges from the evaluation of the value of any property. So from now onwards the stamp duty amount needs to be paid by the buyers. Banks will not add the amount in the home [...] Continue Reading »
Property buyers are again to face a sharp blow for home loans. According to latest notice by the Reserve Bank of India, banks have to exclude the stamp duty, registration fees and other charges to calculate the total value of a property while giving a loan. This notification means there will be a setback in [...] Continue Reading »
Realty experts are wondering as to how all the luxury segments across India are being maintained? Midst all the concerns like; interest rate hike, property prices hitting sky high and property tax amount increasing. This is not at all a right time to invest or sell a property. The high inflation has been a major [...] Continue Reading »
Hurry up property buyers for those who are availing home loans! The special home loan scheme by Housing Development Finance Corporation (HDFC) has been extended to January 31. The last date for applying has been extended twice before. The fixed-cum-floating loan from this bank is named as Fixed First. As per records, HDFC alone is [...] Continue Reading »
Inspite of continuous price hikes and interest levels touching sky, demand for home loan has not been affected by any. Home loan has been in constant demand especially in smaller cities. According to a report, loan borrowed has rose by 14% by October 2011 against end of 2010. A rise of 12% was witnessed in [...] Continue Reading »
A Borivli resident has recently been compensated with Rs 50000 by the builder for late handing of flat keys. He filed a complaint in Mumbai Suburban District Consumer Disputes Redressal Forum against Soni and Associates from whom he had bought the flat in April 2004. The Consumer Forum noticed that the buyer was suffering from [...] Continue Reading »
Home loan interest rate hike seems to have no barrier. The appetite of home loan is demanding constant hike in interest rate. However, according to the data collected by Reserve Bank of India (RBI) and National Housing Bank (NHB) rising interest rates have not decreased the rate of home loan being borrowed. NHB experts say [...] Continue Reading »
