lower interest rates
Optimistic about the new Narendra Modi-led government at the centre, builders are seeking concrete reforms in the real estate sector. Easing up on interest rates and ensuring speedy clearance of projects is at the forefront of builders’ demands. Cities such as Pune have been riding the sustainable housing wave for quite some time now. Encouraging [...] Continue Reading »
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 »
New Delhi-Recent reports suggest that the public sector banks were quite benefited by the home loan takers as the lower interest rates have resulted in regular monthly payment causing very less defaulters. The outstandings in the first 6 months were almost 96% of 2011-12 and more in 2010-11. Also, the non-performing assets (NPAs) have declined in all home loan [...] Continue Reading »
