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CUT RATE, CONTAIN INFLATION

Written on 15 Mar, 2013 at 11:43 in Banking and Finance | viewed 46 times | 0 Comments

If finance minister P Chidambaram were to hope for a positive impact of his Budget, developers and consultants say that the government must impress upon the RBI to cut the interest rate. Reduction in interest rate will only spur the... (Continue reading)

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Need house or home

Written on 23 Oct, 2012 at 5:43 in Property Rates | viewed 146 times | 0 Comments

If need to have answers to get resolved on things on the easy note the you can stay cool and actually enjoy your evening for life then preferably what would be the planning schedule in life. If you need to... (Continue reading)

RBI asks urban coop banks to stop levying pre-payment penalty

Written on 6 Jul, 2012 at 7:40 in Banking and Finance | viewed 278 times | 0 Comments

Mumbai: urban co-operative banks (UCBs) has been asked by the Reserve Bank to stop to stop levying penalty on pre- payment of home loans on floating interest rates with immediate effect. if we talk about the other bank some banks... (Continue reading)

Banks now help you spot that Dream Home

Written on 14 May, 2012 at 10:26 in Banking and Finance | viewed 252 times | 0 Comments
Banks now help you spot that Dream Home

The lengthy process of buying your dream home begins with the most critical aspect — identifying the property and while your local broker may have been your dependable man to do that till a few years ago, that is not... (Continue reading)

Government Rolls Back “1% TDS On Property Sales”

Written on 8 May, 2012 at 13:01 in Banking and Finance | viewed 377 times | 0 Comments
Government Rolls Back

NEW DELHI: The government on Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property. Initiating the debate on the Finance Bill for 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said... (Continue reading)

Don’t opt for a lower EMI, shorten loan tenure instead

Written on 5 May, 2012 at 9:33 in Banking and Finance | viewed 217 times | 0 Comments
Don’t opt for a lower EMI, shorten loan tenure instead

Finally, home loan rates have eased a bit -albeit by 0.25% on the back of a similar reduction in the policy rates by the Reserve Bank of India. However, home loan borrowers are rejoicing at the small reduction in rates,... (Continue reading)

Residents move apex court over property tax

Written on 2 May, 2012 at 10:00 in Banking and Finance | viewed 439 times | 0 Comments
Residents move apex court over property tax

A section of residents group — who live in private developers’ areas — has approached the Supreme Court against the Municipal Corporation of Gurgaon (MCG) for slapping house taxes on them. These irate residents have been paying maintenance charges to... (Continue reading)

RBI ups housing loan limit to Rs 10 lakh for weaker section

Written on 30 Apr, 2012 at 6:49 in Banking and Finance | viewed 242 times | 0 Comments
RBI ups housing loan limit to Rs 10 lakh for weaker section

MUMBAI: In bid to promote housing for low income groups in major cities, Reserve Bank today doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending. “It has been decided to increase the limit... (Continue reading)

Cut in RBI repo rate will boost NRI investment in Indian realty

Written on 25 Apr, 2012 at 6:04 in Banking and Finance | viewed 244 times | 0 Comments
Cut in RBI repo rate will boost NRI investment in Indian realty

We do not see any downturn in the market; in fact we are quite bullish. Primarily catering to the mid-housing segment, we feel that the scenario for Indian realty is rather positive. Following the current trends, the rising growth in... (Continue reading)

Despite incentives, barely 8% cessed buildings redeveloped

Written on 24 Apr, 2012 at 5:49 in Banking and Finance | viewed 212 times | 0 Comments
Despite incentives, barely 8% cessed buildings redeveloped

Merely eight per cent of the 16,000-odd cessed buildings in Mumbai have been redeveloped since 1999, when the state government decided to offer incentives to private developers in return for rehabilitating tenants of such properties free of cost. The Mumbai... (Continue reading)

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