Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve … READ FULL STORY
The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY
The Reserve Bank of India (RBI), on June 6, 2018, for the first time in four-and-half-years, raised the key interest rate by 25 basis points to 6.25 per cent, on inflation concerns arising from … READ FULL STORY
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
The primary constraints in developing a municipal bond market, are the lack of timely and publicly available information on fiscal performance, debt and contingent liabilities, as well as governance and management issues, international rating … READ FULL STORY
The Reserve Bank of India (RBI), on April 5, 2018, kept the key policy rate unchanged at six per cent, for the fourth consecutive time since August 2017, in view of uncertainties around inflation. … 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
When it comes to a women home buyers and investors, they are now getting special attention from the government and banks. “As women increasingly become financially independent, their propensity to purchase a home and … READ FULL STORY
The Reserve Bank of India (RBI), on February 7, 2018, kept the repo rate unchanged at six per cent for the third time in a row, saying that higher government spending would accelerate inflation … 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
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
Central government employees can now take an advance of up to Rs 25 lakhs, for the construction or purchase of house at a simple interest rate of 8.50 per cent, a move aimed at … READ FULL STORY
