Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

RBI

RBI may allow real estate brokers to apply for bank licenses

RBI may allow real estate brokers to apply for bank licenses
Now, real estate brokers and agents may be allowed to apply for bank licenses. In a recent proposal, the Reserve Bank of India (RBI) may set aside reservations on real estate firms and brokerages and allow them to obtain license. The proposal will be formalised in the central bank’s final guidelines but there is no certainty yet [...] Continue Reading »

Indian banks can issue long term home loans: RBI panel

Indian banks can issue long term home loans: RBI panel
Indian banks are allowed to issue 30-year fixed rate home loans under the priority sector category in order to make loans more affordable, announced a Reserve Bank of India panel. A rating agency issued a warning that banks were lending long-term loans with one-year deposits due to which asset-liability mismatches are significantly high for some [...] Continue Reading »

RBI to set new norms for the real estate firm

RBI to set new norms for the real estate firm
The finance ministry says that the Reserve Bank should allow the real estate companies and the broking firms to set up their own banks as adequate safeguard will be there to prevent the exposure of the promoters to the related entities. As per the sources, the firewall has been proposed to avoid undue influence of [...] Continue Reading »

RBI relaxes provisional norms to attract loan seekers

RBI relaxes provisional norms to attract loan seekers
Delhi- NCR : Finance Ministry has asked Reserve Bank of India (RBI) to relax the provisional norms depending on the infrastructure of the buildings. This will help the banks to lend attractive home loans to the buyers. The rule is that all the banks have to keep aside an amount equal to the one percent [...] Continue Reading »

Stalled real estate projects soon to pick up speed

Stalled real estate projects soon to pick up speed
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »

NHB to assist Rs 17k crore home loan

NHB to assist Rs 17k crore home loan
During National Real Estate Development Council convention held on 8th December, Chairman and Managing Director of National Housing Bank (NHB), R V Verma announced his thought to support Housing finance institutions by providing a loan of Rs 17,000 crore from July to next year June shortly. Housing finance companies aim to finance individuals’ home loans [...] Continue Reading »

Mumbai realty unlikely to witness price correction

Mumbai realty unlikely to witness price correction
Mumbai- HDFC said that there wont be any property price correction in Mumbai as the demand for properties are very strong. The real estate demand in Mumbai has always been high. The only real elements that may likely to reduce the prices are the dramatic advancement in making by-laws, which will allow more high rises [...] Continue Reading »

Developers dissapointed with RBI decision

Developers dissapointed with RBI decision
After the Reserve Bank of India’s decision to hold the rates, real estate developers say that although they welcome the reduction in cash reserve ratio (CRR), they are disappointed with the fact lending rates have remained the same. In the policy announcement, RBI cut banks’ Cash Reserve Ratio (CRR) by 25 basis points (bps), while [...] Continue Reading »

RBI cuts CRR, developers welcome

RBI cuts CRR, developers welcome
Keeping an eye on the hardening inflation, the Reserve Bank of India (RBI) has cut the cash reserve ratio (CRR) by 25 bps. RBI left the key interest rate unchanged and the 0.25% reduction in CRR is done to infuse additional liquidity that will inject Rs 17,500 crore into the financial system. Accordingly, the CRR [...] Continue Reading »

Borrowers shift lenders to beat high interest rates

Borrowers shift lenders to beat high interest rates
The rate of interest may not have fallen significantly  this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...] Continue Reading »



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!