National Housing Bank
Ever since the lofty debacle of gold in 2013, it has barely revived. Last year, gold lost about 28.3 per cent in terms of dollars while 18.7 per cent in terms of rupee. At the beginning of 2014, gold further made a loss of 3.8 per cent in rupees and 3.6 per cent in dollars. [...] Continue Reading »
Tata Capital Housing Finance is planning to boost its loan portfolio by 30 percent annually and expects it to reach around Rs 10,000 crore this fiscal. The company’s managing director, R Vaithianathan said that they have a plan to grow by 30 percent annually. At present, our overall loan portfolio is at around Rs 7,500 [...] Continue Reading »
Residential property prices in Bangalore have seen a decline over the past year and hence individual home buyers can buy properties at a lesser price compared to the last year. This trend also seen in second-tier cities like Kochi, Bhopal, Patna and Bhubaneswar. National Housing Bank Residex, an index that tracks the prices of the [...] Continue Reading »
Delhi no longer has realty prices that are constantly gaining momentum as per the statistics of the first quarter (January to March) of 2014. The National Housing Bank’s property price index has shown a marginal drop of residential property prices in this city by 1.5%. 13 out of the 26 major cities in India haven’t [...] Continue Reading »
According to National Housing Bank (NHB) index, Chennai has witnessed an extraordinary rise in property prices by 249% in the last seven years, and is rapidly becoming the country’s second-most expensive city after Mumbai. Not one of the other 26 cities in India could match the 20% price hike that Chennai exhibited in the last [...] Continue Reading »
Finance Minister Arun Jaitley has given a much-required thrust to the real estate sector in Budget 2014, which includes a significant boost to low-cost and affordable housing. With sales in realty sector having been sluggish of late, the Budget brings noteworthy relief to the housing sector; with an allocation of Rs 4,000 crore for low-cost [...] Continue Reading »
With the Budget 2014-15, Finance Minister Arun Jaitley has pressed the acceleration pedal for the ‘infrastructure development’ in the country. Against the backdrop of the fact that slow approvals, disputes and scandals have dealt a severe blow to infrastructure development in the past, the NDA government has announced new initiatives for developing smart cities, airports [...] Continue Reading »
In a budgetary development which has come as a pleasant surprise to prospective borrowers of home loans, Union Budget 2014-15 comes with a hike in deduction on home loan interest under Section 24. Unfolding tax incentives on home loans, Finance Minister Arun Jaitley announced, during his maiden Budget speech, that deduction on home loan has [...] Continue Reading »
The new NDA government’s recently-presented first budget – the Budget 2014-15 – has given noticeable prominence to the real estate sector, which is awaiting a revival of sorts in recent times. With the realty sector nurturing the hope of rapid development and growth ever since the new government took charge, the Confederation of Real Estate [...] Continue Reading »
The purchase of homes has now become a tad more attractive, at least for the middle class — thanks to NDA government’s Budget 2014-15! In the Budget this year, the deduction against interest payment on home loan from the taxable income has been increased to Rs 2,00,000. It previously was Rs 1,50,000. The move implies [...] Continue Reading »
