Public sector banks, such as the State Bank of India and private sector lender, ICICI Bank, have recently announced an increase in their marginal cost of funds-based lending rate (MCLR). Consequently, the interest rates … READ FULL STORY
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the … READ FULL STORY
People at the beginning of their careers, are generally not in a position to spare huge money for servicing a home loan, which they have to invariably take in order to finance the purchase … READ FULL STORY
Obtain a no-objection and no encumbrance certificate In case the society has been formed, the share certificate would have been issued to the owner of the property. While issuing a loan against a property, … READ FULL STORY
In India, the current belief is that property investment is ideal, only for those with upcoming or established careers. However, is this true? How do banks, lenders and the property sector at large, view … READ FULL STORY
There have been several long-standing demands from the real estate sector and prior to Budget 2018, there were hopes that at least some of them would be addressed. The Budget for 2018-19, however, has … READ FULL STORY
State Bank of India (SBI) has announced a massive reduction in its base rate, from 8.95 per cent to 8.65 per cent, effective from January 1, 2018. With other banks expected to follow suit, … READ FULL STORY
The year 2017 witnessed several major events that impacted the real estate sector – from policy-related announcements and reforms, to interest rate changes, tax related announcements and the attempt to shift to a cashless … READ FULL STORY
A home is perceived as a tangible, prudent and relatively safe investment instrument that provides vital security and stability. The huge housing shortage in the country, increasing number of nuclear families and rising population, … READ FULL STORY
The Reserve Bank of India (RBI), on December 6, 2017, kept the key interest rates unchanged, on expected lines, but raised the inflation forecast for the remainder of the current financial year to 4.3-4.7 … READ FULL STORY
For many, the decision to buy a home, depends on whether one is able to get a home loan on time, or not. Most housing finance companies ask the borrower to pay 10-20 per … READ FULL STORY
Several banks are now offering aggressive home loan products, such as EMI waivers and interest rate discounts, with the aim of converting fence-sitters into home buyers. Among the various types of home loans, fixed … READ FULL STORY
The facility to transfer one’s home loan from one bank to another, allows borrowers to have a ‘plan B’ in case they are not satisfied with their existing lender. Besides deficiency in services, a … READ FULL STORY
