RBI forces SBI to withdraw teaser home loans
The State Bank of India has finally put an end to its most innovative and wildly successful home loan scheme from May due to concerns raised by and under pressure from the Reserve Bank of India.
Search Results: Home loan interest (316)
Union Budget 2011 offers 1 per cent interest sop to low-cost housing loans Rs 15 lakh
The government on Monday said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing.
Me & my home in budget
Real Estate and Finance Minister seem to be at logger heads over the wants and needs of the sector. Interestingly when one proposes and the other disposes, both of them justify their stand in the name of “Aaam Aadmi”, the common man who is the consumer and the end-user. But in this cacophony of confusion the “Aaam Aadmi” is often found wondering as to who will ask for his wish list with Union Budget.
Realtors demand support for first time home buyers in budget
Real estate developers have called for focussed support in the Budget for the first-time home buyer and measures to augment supply of housing for affordable and low income groups. Industry representatives have also called for a simplification of systems and tax reliefs as a step to bringing down costs and catalyse developments.
RBI asks banks for escrow mechanism on realty loans
The Reserve Bank of India has asked banks to put in place an escrow mechanism that can ring fence their loans to real estate firms and keep a closer tab on the end use of funds. The RBI has been looking to tighten the lending norms for the real estate sector after last year’s bribery-for-loan scam. The scandal also exposed several unethical practices, such as diversion of funds.
SBI home loan utsav from today
State Bank of India (SBI) is organizing a three day…
Home buying tips: when should you take the plunge?
There is a school of thought that states that you should buy a home as soon as you can afford it, or as soon as your home loan application is approved. In fact, the only question one tends to ask in context with home buying is whether property prices and interest rates are amenable at that point in time or not. On the surface, this makes sense. However, not all surfaces are reliable mirrors.
Home loans for resident Indians
Home is the most integral part of an individual, who since his birth and childhood, dreams to have a living space of his own in India. Once in a lifetime investment requires loan to accomplish it, and that is how the home loans comes into the scheme of things.
Real estate accepts reality of declining sales & high prices in 2025
After influence peddling with a false narrative of ‘All is Well’ for so long the built environment of Indian real estate has finally conceded to the reality of headwinds. At the beginning of the yeart 2025 a section of stakeholders are accepting for the first time that declining home sales and high prices are going to hurt in the year ahead. However, they are yet to come to terms with their own faultlines. Track2Realty questions whether talking about the need to lower home loan interest rates and some concessions with the upcoming Union Budget is going to make any tangible difference.
2012: Year of cautious optimism for real estate-V
High property prices coupled with continued increase in home loan interest rates over the last six months and inflationary pressures will keep transaction activities restrained.