Housing loan
According to financial advisors, people often buy a flat diving by the emotional force. Later the affordability become a constrain for them. It is observed that people of medium range of income often opted for a flat and later they struggle to pay the EMI and the rent together. These days it is common to [...] Continue Reading »
External commercial borrowings (ECBs) in the low-cost housing projects will enhance the real estate activities in the outskirts area of Mumbai. Demand for affordable low budget housing will also increase in Mumbai to avail the 1% interest subvention scheme on housing loan. The higher allotment of funds for the construction of highways and different infrastructure [...] Continue Reading »
After the budget announcement, both the builders and the buyers are worried about the future of the real estate sector. There is no hope generated for the demand supply chain in the realty market. State bank of India is planning to offer lower rate of interest for the existing home loan borrowers. This might improve [...] Continue Reading »
As government want to build low cost housing for lower income group, the realty industry wants to consider the construction of low cost housing as priority sector. The industry also wants the reduction in interest rate for the housing loan. To enhance the funding availability for the low cost housing projects, realty builders wants the [...] Continue Reading »
MARG, the group in the realty market asked the government for an exemption of minimum alternate tax on the constructions made in SEZ. As the economy is slowing down, the experts seek some positive announcement in the budget to enhance the private investment in the realty market. The realty group expects that the budget will [...] 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 »
The Real Estate regulatory bill in Mumbai is soon expected to come into use end of this financial year. Kumari Selja the Union minister for housing and urban poverty alleviation reported saying that the ministry is looking forward with the bill legislations and later on every state will be permitted to frame their own real [...] Continue Reading »
ICICI Bank on Tuesday said its recently launched fixed-rate home loan scheme would not attract the higher provisioning mandated for teaser-rate housing loan products and the rates are “fixed” only for an initial period of one and two years. According to the bank, the fixed rates will “shield customers from frequent changes in home loan [...] Continue Reading »
Differential rate of interest scheme (DRI) was formulated by the central government in 1972 for extending financial assistance at a concessional rate of interest (4%) to select low income groups for productive endeavours. These loans were to be given initially by public sector banks and then by private sector banks also. The Reserve Bank of [...] Continue Reading »
