National Housing Bank (NHB)
The National Housing Bank has scrapped pre-payment penalty on dual rate housing schemes. The Reserve Bank of India, the banking regulator, has already removed pre-payment charges on dual rate schemes. Housing Finance Companies (HFCs) generally charge 2-4 per cent of the loan outstanding as early repayment charges in order to deter customers from closing the [...] Continue Reading »
A day after SBI reduced home and auto loan rates and the National Housing Bank (NHB) announced reduction in the refinance rate under a special scheme for the economically weaker section, there seems to be a possibility of further cut looming in the horizon. Moreover, SBI said that it would cut interest rates on fixed [...] Continue Reading »
Good news emerge for economically weaker section as National Housing Bank (NHB)has slashed its refinance rate by up to 100 basis points for home loans not exceeding Rs 5 lakh. NHB said it has reduced the rate to promote affordable housing finance for low income people in urban areas. It has been pondering schemes for [...] Continue Reading »
While banks are being unwilling to provide real estate loans, the Reserve Bank of India has been following a cautious policy to reduce risks associated with realty sector and to ensure that the sector remains sustainable and viable over a long period of time. National Housing Bank (NHB) has also played its role in de-risking [...] Continue Reading »
House rental prices hitting sky high is right now the talk of an hour! The metropolitan cities in India are witnessing rapidly fluctuating rental prices. However, what comes as a surprising news is that the stable high priced rental surviving in Jaipur. Jaipur, well known as the pink city is no less in rental prices [...] Continue Reading »
The third quarter of the current fiscal real estate graph is out right now! The residential property prices in Delhi are slowly spiraling up, however a downward movement has been witnessed in Mumbai and Kolkata. Comes as a pretty much astonishing news that the property prices has down drastically by 15.5 per cent in Kochi, [...] Continue Reading »
National Housing Bank (NHB) a housing finance regulator at the earliest will be raising Rs 4,500 crore on fund housing activities. NHB experts say that for now they have raised Rs 4,500 crores and are now looking forward to raise same amount by the end of current fiscal. Under the guidance of Reserve Bank of [...] Continue Reading »
Home loan interest rate hike seems to have no barrier. The appetite of home loan is demanding constant hike in interest rate. However, according to the data collected by Reserve Bank of India (RBI) and National Housing Bank (NHB) rising interest rates have not decreased the rate of home loan being borrowed. NHB experts say [...] Continue Reading »
Property price fall has become a major headache for the developers and builders in India. According to the recent data collected by the Indian government, property prices in nine cities has dropped in the September quarter drastically. National Housing Bank’s residex proved interest rates peaking as the main reason for slow down in residential property prices [...] Continue Reading »
