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SBI obtains Rs 800 cr home loans

SBI obtains Rs 800 cr home loans
With State Bank of India offering the lowest home loan interest rates, people who who have taken loans from other private banks switched to SBI. In the first two months of the third quarter SBI had obtained Rs 800 crores in home loans. Consumers with Rs 400 crore of home loans switched to SBI in November [...] Continue Reading »

‘Homes for Life’ – Property expo by Salarpuria Sattva

‘Homes for Life’ – Property expo by Salarpuria Sattva
Salarpuria Sattva, a leading real estate developer in Bangalore, had held a three day property exhibition, Homes for Life, from 6th July to 8th July 2012, which exhibited some of Salarpuria Sattva’s prestigious projects. The expo was held at Salarpuria Windsor Building, Bangalore. Attractive discounts were given on bookings. Banks like ICICI, HSBC, LIC, Axis, [...] Continue Reading »

Property tax payment much easier in Chennai

Property tax payment much easier in Chennai
Yet another easy mode of property tax payment in Chennai! Tax payers you can sigh a relief now, with a new mode of property tax payment. The mode of payment is that, several lakh residents can now pay property tax across 13 banks in India. The 13 banks include Indian Bank, Canara Bank, Indian Overseas [...] Continue Reading »

Parsvnath developer planned to sell land to reduce debt

Parsvnath developer planned to sell land to reduce debt
The realty builder Parsvnath Developers planned to sell its commercial land in Connaught Place, New Delhi. The Sahara group and the ICICI are the major contenders for the land. It’s a 1.18 acre land at kasturba Gandhi Marg. Parsvnath Builders were bought the land in 2008, and planned to construct a retail cum office complex [...] Continue Reading »

Real estate promoters try to raise share liquidity

Real estate promoters try to raise share liquidity
Almost every quarter Indian realty companies have no other go but to pledge more shares in a bid to raise their liquidity. Hike in property prices combined with high interest rates seems to be giving tough fight in share investments. According to the research conducted by ICICI direct, the percentage of real estate promoters in [...] Continue Reading »

HDFC followed ICICI Dual-Rate Home Loans Scheme

HDFC followed ICICI Dual-Rate Home Loans Scheme
ICICI launched its dual-rate home loans scheme nearly a month back where customers can choose a fixed rate for one or two years, HDFC unveiled ‘Fixed First’, a home loan where interest rates are fixed for the first three or five years and then shifted to floating rates, on Monday. For loans up to Rs30 [...] Continue Reading »

ICICI launched a Fixed-Rate Retail Home Loan Product

ICICI launched a Fixed-Rate Retail Home Loan Product
ICICI Bank will offer customers the option to choose a fixed rate of interest for one or two years, after which it will charge applicable floating rate depending on its base rate. The bank’s base rate is at 10% now. Customers opting for the product, which would be available from Friday, would have to pay [...] Continue Reading »



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