Even as rivals continue to be reluctant about adopting external benchmarks for setting lending rates, American lender Citi, on March 5, 2018, launched the country’s first market benchmark rate-linked lending product. The bank has … 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
As against 1.96 per cent of overall home loans not repaid for over 90 days, the same for loans under Rs 25 lakhs, classified as affordable housing, was 2.33 per cent as of November … 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
As the Marginal Cost of Funds-based Lending Rates (MCLR) system is more sensitive to policy rate signals, it has been decided to harmonise the methodology of determining benchmark rates, by linking the Base Rate … 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
2018-02-02 | 7:28 PM Budget 2018: A lot more could have been done, say home buyers With the Union Budget for 2018-19 out of the way, Housing.com News spoke to several property seekers … 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
Buying a house seems to be an important goal, not only for newly-married people, but also for people who are single and earning and are planning to marry, unlike the previous generations who would … 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
