In an interview with CNBC-TV18, Keki Mistry, VC & CEO of HDFC spoke about the slash in home loan rates.
SBI has announced rate cut in home loans by 25 basis points to 8.35 percent per annum. With this reduction, SBI's offering is the lowest in the market. The new rate will be effective from May 9th, 2017.
Financial sector experts believe lenders would gain extra comfort in extending loans to homebuyers under the new real estate law, which came into force from May 1.
Home loan interest rates have reduced significantly on the back of huge inflow of deposits in the banking system and creating a good atmosphere for end-users. Homebuyers can now purchase homes of their choice by making full cheque payment.
Low home loan rates have improved affordability for most income groups and have made purchase of property viable. Demand-supply mismatch is also likely to push real estate prices higher. To wait further will be a fallacy on the part of home-buyers, Getamber Anand, President, Confederation of Real Estate Developers’ Association of India (Credai) said in an interview to Moneycontrol.
In an interview to CNBC-TV18, Gagan Banga, VC & MD of Indiabulls Housing Finance said that the good thing about CLSS is that there is no cap on the value of the house.
Financial planners and advisors feel women, both working and homemakers, should keep themselves prepared to deal with financial uncertainties given the social structures.
Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and R
Banks assess an applicant‘s potential to pay back a loan in terms of various parameters including his credit score, age, source of income.
The final decision will depend not only on the return numbers, but also the qualitative factors such as your mental setup, your financial needs and your current financial health.
The Union Budget 2017-18 has proposed some provisions, which will boost the affordable housing sector but at the same time, will discourage tax payers from treating real estate as an investment class. One such R
Besides checking an applicant‘s eligibility for a home loan, lenders also have certain criteria to ascertain the quantum of home loan that they can grant to the person. Income An applicant‘s income, is R
The Reserve Bank of India (RBI) on Wednesday, February 8, 2017, surprised the market by keeping the repo rate unchanged at 6.25% in its monetary policy review. This has disappointed the market in general R
The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. â€œWhile the recent demonetisation drive R
Stating that the tax incentive for second home loan borrowers is being virtually misused, revenue secretary Hasmukh Adhia, on February 4, 2017, citing limited resources, said that it was prudent to subsidise first-time buyers R
There are various factors that determine whether you will get a home loan or not. Consequently, it is advisable to know your home loan eligibility in advance, so that you can plan the purchase R
Budget 2017: For individual home buyers No change in home loan exemptions With skyrocketing prices of homes, in big as well as small cities, the average size of the home loan that an R
While there is one EMI payable to repay home loan, one must take into account the principal and the interest to enjoy tax benefits.
Post demonetisation, the real estate industry expects the government to initiate measures that boost â€˜consumption‘, during the upcoming budget. The challenge for the government, is to grow the economy while maintaining fiscal prudence. A R
Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty R
Union Budget 2017 should offer additional tax benefits to home buyers.
The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, R
There has not been any precedence of major interest rate cuts, ahead of the union budget‘s presentation. On the contrary, major financial policy decisions are put on hold or deferred, ahead of the budget. R
Many home buyers favour taking loans from housing finance companies (HFCs) as stamp duty and registration costs are included while calculating the total costs of the property as compared to only basic property rates for banks.
The real estate sector is expecting Budget 2017 to give greater relief to first time home buyers, more incentives on home loan and introduction of tax relief on home insurance