Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Home loans

Shubham announced raising Series ‘C’ funding

Shubham announced raising Series ‘C’ funding
Shubham Housing Development Finance Company (Shubham) is a provider of home loans and home improvement loans for individuals with informal income. This Gurgaon-based company today announced raising Series ‘C’ funding of Rs. 122 crore. The funding was led by Motilal Oswal Private Equity along with existing investors- Helion Advisors, Elevar Equity, Accion Frontier and Saama Capital. Shubham’s balance sheet [...] Continue Reading »

In FY14, SBI Bangalore Circle home loan sanctions up 20%

In FY14, SBI Bangalore Circle home loan sanctions up 20%
For 2013-14, The Bangalore Circle of State Bank of India (SBI) has crossed Rs 14,800 crore in home loans depicting 20% growth in sanctions during the year. Against Rs 4,000 crore in the previous fiscal, for the year, the Bank has sanctioned Rs 4,800 crore in home loans. Ashwini Mehra, chief general manager, SBI alleged [...] Continue Reading »

RBI Firm on Scrapping Pre-payment Penalty

RBI Firm on Scrapping Pre-payment Penalty
A person familiar with the plan told that there is a possibility that banks will be ordered to scrap penalty on pre-payment of all retail and small corporate loans and do away with fines for failure to maintain minimum balance if the recent ‘nudge’ does not work by the Reserve Bank. Since the entire system [...] Continue Reading »

Home loans declined by 55%

Home loans declined by 55%
Fresh loans worth Rs 1,375 crore have been granted to 18,510 beneficiaries during the third quarter September-December last year as a decrease of 55% from the same period in 2012. A record shortfall in demand for home loans last year has been led by the slowdown in real estate and overall economic slump. The fall [...] Continue Reading »

Home Loan sector going strong

Home Loan sector going strong
The segment of home loans continues to witness strong growth despite the slowdown in the economy. According to the vice-chairman & CEO of HDFC Ltd – Keki Mistry; the fiscal year of 2014 is expected to be yet another year of good growth in regards to home loans as customers bring forward home purchases to [...] Continue Reading »

Policy amendments must to promote affordable housing

Policy amendments must to promote affordable housing
Delhi: With urbanisation expected to grow at a compounded annual growth rate of more than two percent over the next 20 years, there is a great need to develop better policies to provide mass housing, particularly in the suburbs and satellite towns of metros and Tier I cities. The government has to reform the development [...] Continue Reading »

Property prices in Mumbai, Gurgaon may drop

Property prices in Mumbai, Gurgaon may drop
Due to the price correction, home prices in NCR regions and Mumbai will reduce after a long time. Increased property prices, lower demand and liquidity issues have resulted in pushing the prices lower in various markets which has recently resulted in price appreciation. As per reports, there was an increase in property prices in Gurgaon [...] Continue Reading »

Upcoming budget likely to boost affordable housing

Upcoming budget likely to boost affordable housing
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »

NHB funds mortgage lenders to lend loans to low-income groups

NHB funds mortgage lenders to lend loans to low-income groups
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »

Oriental Bank reduces home loan interest rate

Oriental Bank reduces home loan interest rate
New Delhi- Oriental Bank of Commerce has slightly reduced interest rate on home loans of up to Rs 30 lakh by 0.1 percent. Home loans will now be available 10.40 percent with an EMI of as low as Rs 937 per lakh. The state owned bank has announced this offer as a new year gift [...] Continue Reading »



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!