A Supreme Court bench of chief justice Ranjan Gogoi and justices SK Kaul and KM Joseph, on October 8, 2018, asked the Reserve Bank of India (RBI) to communicate, within six weeks, its decision … READ FULL STORY
The Reserve Bank of India (RBI) opted for a surprising status quo, at the bi-monthly review, on October 5, 2018, on expectations of a softening price rise but changed the policy stance to ‘calibrated … READ FULL STORY
Fluctuations in the value of a currency, can affect the real estate market of a country in a variety of ways – from impacting the cost of services and raw materials used like steel … READ FULL STORY
After a long wait, real estate investment trusts (REITs) are likely to become a reality soon. REITs are expected to provide opportunities for retail investors, to participate in the real estate sector and at … READ FULL STORY
Rajeev Sood was negotiating for a sea-facing luxury property in Mumbai, at a whopping price of Rs 50,000 per sq ft. However, before he could close the deal, a business trip to Dubai completely … READ FULL STORY
The Ministry of Housing and Urban Affairs (HUA) has urged the Ministry of Finance to create ‘Stress Funds’ to complete stalled housing projects, to bring relief to home buyers in Noida and Greater Noida. … READ FULL STORY
The country’s largest lender, State Bank of India (SBI), has increased its marginal cost of funds-based lending rate (MCLR), by 20 basis points across all tenors up to three years, effective September 1, 2018. … READ FULL STORY
A parliamentary committee has questioned the Reserve Bank of India (RBI), for failing to take preemptive action in checking bad loans in the banking system, prior to the Asset Quality Review undertaken in December … READ FULL STORY
The Reserve Bank of India (RBI) in its third bi-monthly policy of the current fiscal, on August 1, 2018, raised the benchmark repo, or the short-term rate at which it lends to other banks, … READ FULL STORY
Banks and financial institutions (FIs), which have lent money to Jaiprakash Associates Limited (JAL), on July 17, 2018, urged the Supreme Court that the assets of holding firm JAL, should not be used for … READ FULL STORY
What is Primary Lending Rate regime After the deregulation of interest rates following the liberalisation of the economy, banks used to lend at a rate that was benchmarked against their internal rate, which was … READ FULL STORY
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 Ministry of Housing and Urban Affairs, on June 12, 2018, increased the carpet area of houses eligible for benefits under the Pradhan Mantri Awas Yojana’s (PMAY’s) credit-linked subsidy scheme (CLSS) to 160 sq … READ FULL STORY
