Housing loans
The central government is considering to raise the limit of housing loans eligible at interest of one per cent to Rs 15 lakh from the current Rs 10 lakh. The proposal is likely to be discussed in the Union Cabinet this week. The move aims towards activating real estate growth as a major contributor for [...] Continue Reading »
The government is likely to announce one per cent of interest subsidy on housing loans up to Rs15 lakh with cost of the house not exceeding Rs25 lakh in a bid to help low and medium income households to own their own dwellings. The interest subvention scheme for the year 2011-12 was limited to a [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
Cost of apartments in India has increased as well as the rate of interest on housing loans in last couple of decades. But according to the HDFC Ltd, the affordability of purchasing a home in India also has been increased. In an analysis the financial institution has found that a home buyer, on an average, [...] Continue Reading »
Before applying to home loans any individual must look into his income, current expenses and track record from Credit Bureau as these are very much important for availing any home loan. According to a higher official of HSBC, buyers must opt for floating rate of interest in the current economic scenario while going for any [...] 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 »
Though the Reserve bank of India has reduced the key interest rates by 50 basis points, experts think, the decision is not adequate to make housing loans affordable. The property advisors says that, ‘it is unlikely that property prices will come down because of this rate cut, and it is the price of properties that [...] Continue Reading »
The government of Tamil Nadu announced revised floor space index (FSI) plan for the affordable housing project. The government also declared that the builders need not to pay any additional charge for construction of apartments with higher FSI. The state finance minister also announced more interest waiver on housing loans disbursed by cooperative housing societies. [...] Continue Reading »
Housing finance is a preferred market choice for many of the non banking finance companies. These finance companies provide loan for the builders as well as they are considered good option for home loans. It is noticed that the residential price index has a rising curve in the tire 2 cities while it is decreasing [...] Continue Reading »
The realty industry hoping for a budget which will provide more support to the realty industry to construct more affordable houses. The industry also wants the formation of Real Estate Regulatory Authority (RERA), to improve the transparency and authenticity of the real estate industry. The Industry wants proposals for making it more investment friendly so [...] Continue Reading »
