Home loans
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 »
The realty funds released by the banking sectors in Mangalore city has been in news now! Release of home loans are not stabilized in Mangalore, as the banks in city are comparing the realty market scenario with the other metro cities. However, the real estate experts feel that the city lacks industries and investments in [...] Continue Reading »
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
Residents of Mira Road, Mumbai were in a state of shock as two seven storied buildings got a signal from municipal corporation for demolition. Those residents could not believe their abode being demolished for which they were still paying home loans. The flats are Ashirwad Manzil and Ashirwad Prem and the owners have been given [...] Continue Reading »
Teaser loans are offered to ease a a borrower’s tension but nobody knows what is in store for future! A time being relief can be obtained by availing loans under teaser loan scheme. State Bank of India (SBI) had provided home loans based on teaser rate scheme three years ago. A home buyer had to [...] Continue Reading »
A sigh of relief can be felt by the home buyers by the recent dip in interest rates! Delhi’s renowned firm, BPTP has tied up with HDFC to provide home loans at a cheaper interest rate of only 5.99%. This scheme is to lure more and more buyers to avail affordable home loan for recently [...] Continue Reading »
Finally, Reserve Bank of India (RBI) has kept the interest rates unchanged! This is the first time midst this year RBI has paused the hike. During this year RBI has hiked the interest rate nearly 13 times within a span of 21 months. Also central bank has shown clear signs of interest rates dropping down [...] Continue Reading »
Waiting for the right time to buy your dream home may not always be the brightest idea market figures say this very promptly. There are times when the real estate market dips low and is considered to be the right time to buy that second home that has been on your mind for a long [...] Continue Reading »
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 »
Reserve Bank of India (RBI) home loans are increasing frequently resulting in the people being dissuading from buying houses. Sanjay Dutt the CEO of Jones Lang LaSalle India reported saying that the home loan interest hike will decrease the construction activity directly impacting on the real estate sector. Few smaller builders will find edged out of [...] Continue Reading »
