home loan
Do You Know About The Hidden Tax Benefits of A Joint Home Loan?
by Arti Chaudhary If you are planning to buy a new property then why not go for the co-ownership, especially when you can avail amazing tax benefits in joint home loans. You can acquire this loan along with your parents, own siblings, spouse, or with an acquaintance (in this case person should be tru...Read More
Subvention Schemes Ban will impact only 8% of the total 280 Housing Projects launched in Q2 2019
The National Housing Board’s (NHB) recent directive to housing finance companies to refrain from giving loans under subvention schemes was not as crippling as was initially assumed. ANAROCK research reveals that out of the total 280 projects launched in the April-June quarter of 2019, only about 23 p...Read More
Piramal Capital & Housing Finance now operational in Jaipur
Piramal Capital & Housing Finance Limited (PCHFL), the wholly-owned subsidiary of Piramal EnterprisesLimited, announced its foray in Rajasthan with the launch of its housing finance business in Jaipur. The company will provide its housing finance offerings namely home loans, loans against propert...Read More
RBI Repo Rate Cut: A Significant Boost Ahead Of The Festive Season For The Real Estate Sector
by Santosh Sinha The real estate industry welcomes the decision by the Reserve Bank of India to cut the Repo Rate by 35bps, 4th consecutive rate cut in the year 2019. And why not, the sector is about to enter the festive season. The real estate developers expect to boost their sales in the upcoming q...Read More
For the Reserve Bank of India growth is now the highest priority
by Niranjan Hiranandani The fourth straight cut in the benchmark repo rate is a welcome step which will make borrowings cheaper and would help boost in demand in several sectors like real estate and auto which has been sagging since last several quarters. It would also help in bringing about some bal...Read More
Consecutive rate cuts to translate into residential sector growth
by Ramesh Nair In line with the general market sentiment, the cumulative 110 bps rate cut in the last four policy reviews favors the Indian economy. The rate cut of 35 bps delivered by the RBI is likely to bring in a balance between growth and inflation. Riding along the same track, the real estate s...Read More
Union Budget 2019 Boost To Real Estate: Affordable Housing Gets New Lease Of Life
Union Finance Minister Nirmala Sitharaman, while presenting her maiden budget and the first budget of Modi 2.0 government, announced an additional rebate of Rs 1.5 Lakh on Housing Loan Interest. Being considered as a big boost to the real estate sector, this step will encourage first-time homebuyers ...Read More
What Real Estate Expects From The Union Budget 2019
Ms. Nirmala Sitharaman, the new finance minister in Modi Government is set to present her maiden budget on July 5, 2019. And clearly, her focus would be to pull up the GDP growth rate up to 7.5%, as expected by the World Bank. Generating employment is the next issue that the government wants to tackl...Read More
Housing Demand during NDA 0.1
Home loan search trends in India from RealtyMyths.com Housing demand and demand for home loans are directly proportional to each other. A rise in housing demand will pull up the demand for home loans and vice versa. Therefore, any indication about the queries generated for a home loan will also give ...Read More
A Checklist for NRIs Seeking Home Loans in India
by Shajai Jacob, CEO – GCC (Middle East) ANAROCK Property Consultants Just like resident Indians, NRIs can invest in any number of properties in India and are also eligible to avail of home loans for as many properties as they like. Of course, while there is no cap on the number of properties f...Read More
Housing for All will be a challenge unless we bring everyone into the banking realm
Housing is everyone’s dream. But everyone is not that lucky to fulfill his dream. or is it! One of the major challenge to own a house in India is the ineligibility to avail the housing loan. And the fact that around 190 million adults in India not having a bank account clearly reasons it out. T...Read More
ICICI Bank introduces instant & paperless home loan approval – RealtyMyths
Existing borrowers also get instant disbursal of top-up home loan ICICI Bank today announced the launch of two instantaneous home loan facilities, both are first-of-its-kind in the industry. The first facility enables customers to get final sanction letter for new home loans instantaneously, while th...Read More
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