By Realty Quarter Bureau Buying a House has become a nightmare especially for neo-middle & middle-class people. But, it looks like things are going to be changed. As per the latest news, The Goods and Service Tax (GST) are going to be slashed from 12% to 5% on under construction houses. The new rate will […]
GST dropped from 12% to 5% on Under-Construction Housesmore
By Realty Quarter Bureau At Rs 1.5 trillion, the mortgage loan-book of ICICI Bank is half of the bank’s overall retail loan portfolio of around Rs three trillion, the bank said. “We are not only the largest private sector bank but also the largest mortgage player among our peers with an Rs 1.5-trillion loan book. […]
ICICI Bank aims growth of home loan book by 2trillion in FY20more
By Realty Quarter Bureau State-run Syndicate Bank increased its marginal cost of funds based lending rate (MCLR) by 0.1 per cent for various tenors of loans. The bank has revised MCLR and the new rates would be effective July 10, Syndicate Bank said in a filing to stock exchanges. Interest rates for loan tenors of overnight, […]
Syndicate Bank hikes lending rate by 0.1 %more
By Realty Quarter Bureau Piramal Capital & Housing Finance, a subsidiary of Piramal Enterprises Limited, has sanctioned an approximately Rs 200 crores facility to the Appaswamy Group (Appaswamy), via a structured equity transaction, to enable the acquisition of 3.34 acres (nearly 60 grounds) of land in Kotturpuram, in the heart of Chennai. Appaswamy acquired this land […]
Piramal Capital & Housing Finance funds Rs.200crore to Appaswamy Group Chennaimore
By Realty Quarter Bureau Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve Bank said, on June 19, 2018. PSL loans are relatively cheaper than market interest rates. “With a […]
RBI raises the housing loan limit for low cost homes segmentsmore
By Realty Quarter Bureau State-owned Bank of Baroda on Tuesday raised benchmark lending rate by 5 basis points across tenure in line with other competitors. The decision to raise lending rate comes a day before the bi-monthly monetary policy announcement of the Reserve Bank of India indicating pressure on interest rate to move upward. Marginal cost […]
Bank of Baroda too raises lending rates by 5basis pointsmore
By Realty Quarter Bureau Days ahead of RBI’s monetary policy review, India’s three major banks SBI, PNB and ICICI Bank on Friday increased their benchmark lending rates or MCLR by up to 0.1 per cent, making loans costlier for consumers. The new rates are effective from today. India’s largest lender SBI has increased the lending rate by 10 basis points across all tenors […]
India’s 3 major banks SBI, PNB, ICICI Bank raised lending ratesmore
By Realty Quarter Bureau Financial Services firm Inditrade Capital plans to foray into housing finance segment with focus on promoting affordable housing. “We have applied for licence. The applications (are filed) with the regulator National Housing Bank and we are awaiting approval,” Inditrade Group of Companies Chairman Sudip Bandyopadhyay said. Housing finance business will be operated through a separate subsidiary and aims […]
Inditrade plans to foray into housing finance segmentmore
By Realty Quarter Bureau HDFC, the country’s largest housing finance company, has increased home loan rates by up to 20 basis points (100bps = 1 percentage point). It said the revision follows an increase in the cost of funds from last year. Most of the bank’s customers would be affected only marginally. Interest rates on loans up […]
HDFC hikes home loan rates up by 20 basis pointsmore
By Realty Quarter Bureau India Mortgage Guarantee Corporation (IMGC) signed an MOU with State Bank of India to offer mortgage backed home loans. “This tie-up will enable us to improve housing loan volumes in non-salaried segment,” said PK Gupta, MD (Retail & Digital Banking), SBI. The bank will offer the said home loan to non-salaried and self-employed customers. “Taking such […]
SBI & Indian Mortgage Company joins hands to offer mortgage backed home loansmore