What is a subvention scheme? A subvention scheme is a tripartite agreement among the buyer, developer, and the bank providing a home loan for purchase of a unit in an under-construction project. Under this … READ FULL STORY
The COVID-19 pandemic has made one realise the value of real estate as an asset class, which is more reliable, as compared to the volatile and risky stock market. Moreover, interest rates have reduced, … 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
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 important to do your homework well, before you apply for a home loan. There are many reasons due to which a loan application can be rejected by a bank. Also, you may … READ FULL STORY
Ganesh Chaturthi marks the start of the festive period. It is a time, when developers strive to clear their old stock, increase sales and capitalise on the positive sentiment. For home buyers, the festive … READ FULL STORY
Developers are offering a variety of payment schemes, to attract buyers during the current slowdown. For example, subvention schemes have been prevalent for quite some time in the residential sector and are being used … READ FULL STORY
When a buyer opts to purchase a home, s/he may come across various payment plans. Nonetheless, one should check out the pros and cons of each plan, before making a choice. Down payment … READ FULL STORY
The real estate market in the Noida Extension area, in the National Capital Region (NCR), warrants close observation. Among the factors that favour buyers in this market, is the oversupply of under-construction and near-completion … READ FULL STORY
Under subvention schemes, a buyer can have a house, by paying as low as 5% of the property’s value and not bear the burden of EMIs till s/he gets possession of the house. However, … READ FULL STORY
