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
HDFC chairman Deepak Parekh, on January 28, 2020, said that they were talking to the regulators and the Finance Ministry, on a one-time restructuring of loans for realty projects. “We have requested the NHB … READ FULL STORY
Buying a house involves significant financial expenditure. Consequently, a little planning and effort can help you to save lots of money, when you buy a home in 2020. Home loan tax savings in … READ FULL STORY
Finance minister Nirmala Sitharaman, on December 31, 2019, unveiled infrastructure projects worth Rs 102 lakh crores. Recalling that prime minister Narendra Modi had, in his Independence Day speech, spoken of investing Rs 100 lakh … READ FULL STORY
Looking back, 2019 may not have been the best year for the real estate sector. However, with several changes introduced during the year, from reduction in taxes to the announcement of a Rs 25,000-crore … READ FULL STORY
The provisions related to owning of an immovable property outside India by a resident Indian, are governed by the Foreign Exchange Management Act (FEMA). Owning an immovable property The FEMA restricts Indian residents … READ FULL STORY
Data from the Reserve Bank of India (RBI), released on November 8, 2019, showed that the currency with the public grew 15.2% to Rs 21.59 lakh crores, as of the fortnight to October 25, … 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
Loan-to-value (LTV) is a ratio of the amount of loan that can be given to the total value of the property. The LTV can range from 75 per cent to even 90 per cent … READ FULL STORY
The RBI had, in June 2019, reduced the key policy rate, making it the third time in a row that it did so, in the calendar year 2019. Till June 30, 2019, the repo … READ FULL STORY
With a view to strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the Reserve Bank of India (RBI) board has decided to create a specialised supervisory and … READ FULL STORY
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
