Coldwell Banker UAE ties up with key Indian developers
Coldwell Banker UAE now offers a diverse portfolio of properties…
Search Results: home loan rates (225)
PAL-Peugeot land fetches 601 cr
In what real estate experts see as a sign that land rates are becoming more realistic, a 135-acre plot that belonged to the defunct PAL-Peugeot auto company in Dombivli has been auctioned off to Metropolitan Infra Housing Pvt Ltd (a subsidiary of Gammon India) for Rs 601 crore.
RBI tightens banking funds to realty
Concerned over excessive flow of banking funds to the real estate sector, the Reserve Bank of India (RBI) has said lenders will provide loans only up to 80 per cent of the cost of property. Following the RBI directive, a home buyer will necessarily have to arrange at least 20 per cent of the property value on his own before seeking loan from a bank.
Banks reluctant to finance freelancers and contractors
Most banks lending for homes are only interested in providing mortgages to people who have a fixed annual or monthly salary and their important criteria for assessment is based upon the amount that is earned. The presumption is that only these people are capable of meeting their repayment options without default.
Mumbai real estate – still going strong
Mumbai is the financial capital of the country. While it is still a far cry from being comparable to Shanghai in terms of aesthetics and infrastructure, the fact remains that most large corporations and financial institutions have their presence in this city.