On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]
SBI announces MCLR deduction by 15 bps across various tenors.more
The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]
NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more
The Economic Offenses Wing of Mumbai Police On Friday, in a Metropolitan magistrate court, filed a 32,000-page charge sheet against five persons at multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam. The charge sheet has been marked by Joy Thomas, former director of the bank, Waryam Singh, former chairman, Surjit Singh Arora former director of […]
EOW filed 32,000- page charge sheet against the promoters of HDIL and others.more
By Abhay Shah, Realty Quarter It is essential for you to have enough funds available when you purchase a property or book property. These liquid assets may be held in the form of Bank Balance or Investments in Stocks or Mutual Funds. If you don’t have liquidity when you purchase the property, you should be […]
Why an individual should get a credit report before purchasing a property?more
By Abhay Harish Shah, Realty Quarter In the past few years, real estate developers have faced many challenges because of the frozen market. For the same, in a recent meeting with senior finance ministry officials, the real estate developers were asked to recommend some steps to address such challenges. According to the sources, they were […]
Finance Ministry will exempt rental profits earned by Builders in past 10 years.more
By Abhay Harish Shah , Realty Quarter Prices of the current property are making the real estate market null and silent. Real estate developers are encouraging buyers by giving some price discount which ranges from 5-6%. However, people are smart enough now and they know how to save their money in more and more […]
Buy a Property at 20-30% less than market price in Auction.more
By Abhay Harish Shah , Realty Quarter Taking a Home loan is a major undertaking in itself and one of the greatest monetary choices. A home loan is the longest obligation in our life. Now and again 10-20 yrs, this makes requests a long haul responsibility. Every month you need to pay your EMI, once […]
Top Home Loan Provider Banks – Mumbai.more