As per an Economic Times article, expectations are high this festive season for the real estate market to do better sales and clear their unsold inventory. Since builders and developers across the spectrum are offering discounts and freebies, the realty sector expects that the recovery will be smooth especially in the mid-level and affordable housing […]
Are you an existing home loan borrower or are you planning to take one soon? If the answer to that question is yes, then you must know that home loan monthly instalments are a huge financial takeaway from your monthly earning. These home loan EMI deductions need to be managed appropriately so that they don’t […]
The announcement of the central government’s ‘Housing For All by 2022’ initiative came clubbed with the Pradhan Mantri Awas Yojna (PMAY) scheme focussed on the urban poor (Economically Weaker Sections (EWS), Lower Income Groups (LIG)) and later, also on the Middle Income Groups (MIG) of the society. The Pradhan Mantri Awas Yojna has four integral […]
In a bid to encourage good credit behaviour, Axis Bank has announced its new home loan product- ‘Shubh Arambh’. Loans under this scheme will be eligible for a waiver of 12 EMIs provided that the borrower maintains disciplined repayment behaviour. The waivers are offered on loans up to Rs 30 lakh taken for tenure of […]
In a move to support RERA, banks have decided not to extend home loans to projects that are not registered under the Real Estate (Regulation and Development) Act. These are the times when fraudulent builders and fly-by-night real estate promoters are trying to find loopholes in the regulation. Hence, banks are taking extra care to […]
Overcrowded streets, never-ending traffic jams and the chaotic lifestyle of metro cities make people long for peace and solitude. Not only the uber-rich, but those with modest means are also looking to buy a second home away from the city. Places like Lonavla, Goa, Mussoorie, Kasauli and Nainital are rising as weekend home hotspots offering […]
State Bank of India has launched its online platform for homebuyers- SBI Realty. It is an innovative website that helps customers find their dream home in reliable projects across 30 cities including metros and Tier-II towns. Currently, the website showcases 9.5 Lakh residential units in 3000 SBI-approved projects. Customers can find the right home by […]
With the revolutionary ‘Goods & Services Tax’ or GST effective from July 1, 2017, most industries are waiting to see the impact it brings. One such industry is the real estate industry. While GST is expected to bring in more transparency in real estate, there is speculation whether it will ultimately lead to decrease in […]
A house adds directly to your assets and at the same time gives you a feeling of contentment. Taking home loan to buy a house for residential purpose is always a wise choice as it ends the dreadful cycle of heavy rent payment when giving you a place you can call your own. Yet it […]
Home loan is a major financial commitment for homebuyers but, at the same time, it also entails huge risks for the bank. This is the reason why banks are very apprehensive about extending home loan to people who are close to retirement, regardless of their financial standing. People who are on the last leg of […]