Interest rates play a key role in the home buying decision, when one opts for a home loan. Presently, the interest rate on home loans, is around the 8% mark, which looks very attractive, … READ FULL STORY
Sluggish growth has had an adverse impact on several real estate players, resulting in many of their loans turning into non-performing assets (NPAs) for the banks and financial institutions. Recently, the government of India … READ FULL STORY
Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and … READ FULL STORY
The Reserve Bank of India’s (RBI’s) move, to reduce risk weights and standard asset provisioning on individual housing loans, are credit negative for banks, because lower capital requirements will weaken banks’ protection from the … READ FULL STORY
Reduction in loan-to-value ratio While lending money against any tangible security, the lender can advance a loan up to a certain percentage of the asset’s value. This is called the loan-to-value (LTV) ratio. This … READ FULL STORY
Close on the heels of the Reserve Bank of India’s (RBI’s) policy action, India’s largest lender, State Bank of India, on June 9, 2017, announced a lowering of interest rates by 10 basis points, … READ FULL STORY
State Bank of India, on May 8, 2017, announced a steep reduction in its affordable home loan rates by up to 25 basis points, with the lowest rate of 8.35 per cent for new … READ FULL STORY
Ahead of the Reserve Bank of India’s (RBI’s) monetary policy this week, the country’s largest bank, State Bank of India (SBI), on April 3, 2017, reduced its benchmark lending rate by 0.15% to 9.10%, … READ FULL STORY
Right before Union Budget 2017-18, the issue of budget or affordable housing, is once again in the spotlight. As the central government reiterates its commitment towards ‘Housing for All’, this aim cannot be fulfilled … READ FULL STORY
The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of … READ FULL STORY
Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty … READ FULL STORY
Prime minister Narendra Modi’s new year’s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank … READ FULL STORY
