Tag: #Interest rate

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.

January 27, 2022

Mr. Bhushan Nemlekar, Director, Sumit Woods Limited. Sector Performance in 2021 The Covid-19 pandemic was a massive heat blow to the industry, where everything started displacing and changed the way homebuyers think now. The government of India along with the governments of respective States took several initiatives to encourage development in the sector. Their approach towards […]

Real Estate Year-End Review and Outlook for 2022 By Bhushan Nemlekar, Director, Sumit Woods Limited.more

CREDAI plans to reset the interest rate along with rescheduling debt repayment.

March 19, 2020

Against the backdrop of the Coronavirus outbreak and its effects on the economy, the body of real estate developers, the Confederation of Real Estate Developers’ Associations of India (CREDAI), seeks to delay the debt repayment scheduled for the next 3 months and to be permitted to recover in installments over the next 12 months. The developers’ […]

CREDAI plans to reset the interest rate along with rescheduling debt repayment.more

How to calculate interest rates on a home loan?

February 10, 2020

Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]

How to calculate interest rates on a home loan?more

Authority demands reduction of interest rate on home loans.

January 9, 2020

The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]

Authority demands reduction of interest rate on home loans.more

Important Things to Avoid Before Purchasing a House.

September 14, 2019

By Abhay Shah, Realty Quarter There are many instances where an individual purchasing a house for the first time are surprised to see how many forms are there to mess up a house purchase. The basic step is people would get there pre-approval, finalised a house they loved and made an offer. But to settle […]

Important Things to Avoid Before Purchasing a House.more

How to get a loan on a let-out property? Eligibility, Interest rate, Tenure Explained:

August 21, 2019

By Abhay Shah, Realty Quarter Nearly all the public sector and private banks provide loan for potential rentals. With this component, the owners of a house can take advantage of a credit line based on the rent received on the house property. Eligibility criteria for Individuals: Anyone who owns a commercial or residential estate may obtain the benefits of this scheme. The property may be owned jointly or by a single owner. All owners will have to become loan applicants in the event of joint ownership. This loan scheme option is available for properties that have already been rented out or for which a lease contract has been concluded. Loan amount utilisation: The fund raised through the loan against potential rents can be used for any intent […]

How to get a loan on a let-out property? Eligibility, Interest rate, Tenure Explained:more

The effects of the new RBI repo rate on Banks and NBFCs.

July 9, 2019

By Abhay Shah, Realty Quarter In June 2019, the RBI lowered its main policy rate, and in the calendar year 2019, it did it for the third time in a row. The repo rate was reduced by approximately 0.75% by 30 June 2019. While the repo rate by the RBI has declined by 0.75% […]

The effects of the new RBI repo rate on Banks and NBFCs.more

Developers are responsible to refund amount with interest equivalent to Home loan interest rate – NCDRC.

July 8, 2019

By Abhay Shah, Realty Quarter The National Consumer Disputes Redressal Commission (NCDRC) has said that developers should repay money for delayed projects with interests at the rate at which the nationalized bank such as SBI provides home loans during the era concerned, in order to guarantee that homebuyers retrieve their cash, including interest on house loans. The […]

Developers are responsible to refund amount with interest equivalent to Home loan interest rate – NCDRC.more

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.

June 20, 2019

By Abhay Shah, Realty Quarter The Apex consumer commission has held that an unfair trade practice cannot be implemented. Currently, homebuyers must pay interest for delayed payments by 18% per annum, while the builders pay a mishap of 1.5%-2% for project delays. R K Agrawal President of the National Consumer Disputes Redressal Commission (NCDRC) and a member M […]

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.more

Top Home Loan Provider Banks – Mumbai.

April 29, 2019

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

Tag: #Interest rate

Sign Up for our Free Newsletter