Stamp duty and registration fee are taxes homebuyers in India pay to state governments at the time of property registry. States have the authority to impose this tax. Consequently, they are responsible to increase … READ FULL STORY
January 23, 2024: SMFG Grihashakti, one of the leading players in the affordable housing finance space in India, has successfully secured long-tenor funds amounting to Rs 300 crore from the National Housing Bank (NHB). … READ FULL STORY
The Tata has reached out to some top fund houses and investment bankers, trying to assess the investors’ appetite. The funding is reported to be in the range of Rs 3,000-4,000 crore. The proposed bonds … READ FULL STORY
The assessment price of residential properties in India has shown a significant annual increase of 7% during the April-June period of 2022, shows the National Housing Bank’s housing price index (HPI). The index showed … READ FULL STORY
Under its Pradhan Mantri Awas Yojana, the central government has been offering PMAY subsidy to those building, constructing and buying homes in India. This guide will help you understand how the PMAY subsidy works … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
With an aim to address the non-availability of long-term finance to individual households that impeded the progress of the housing sector in India, the central government, in the Union Budget for 1987-88, announced that … READ FULL STORY
New home buyers are often in a dilemma, over whether they should apply for a loan from a housing finance company (HFC) or a bank. The recent liquidity crisis being faced by non-banking finance … READ FULL STORY
Following the Coronavirus outbreak, what seems to be inevitable, is that the world as we know it will no longer be the same. Every single sector – manufacturing, construction and services – will have … READ FULL STORY
Reserve Bank of India (RBI) governor Shaktikanta Das, on February 24, 2020, said that slowing credit growth was one of the major challenges that banks were currently facing. So far this year, credit growth … READ FULL STORY
Although the Reserve Bank of India (RBI) has effected several reductions in the repo rate (the rate at which banks borrow from the central bank), lending rates have not witnessed a corresponding change. Home … READ FULL STORY
The National Housing Bank (NHB) has directed housing finance companies to desist from extending loans under the subvention scheme. This move by the NHB, is expected to squeeze the liquidity position of real estate … READ FULL STORY
It is not only the real estate sector but the whole economy, which is facing a slowdown in growth. Several reasons have been attributed to this, including global trade disturbances, internal issues, lack of … READ FULL STORY
