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Housing Sales Jump 67% YoY In Mumbai Backed By Stamp Duty Cuts: Report

Business | Edited by Nikita Prasad | Wednesday December 9, 2020

The registration of residential properties last month witnessed a sharp increase of 67 per cent YoY to 9,301 units due to higher demand in festive season and reduction in the stamp duty by the Maharashtra government

Mumbai Home Sales Zoom To 8-Year High As Prices Drop, Loans Become Cheaper

Business | Suvashree Ghosh and Dhwani Pandya, Bloomberg | Tuesday December 8, 2020

It's an abrupt turnaround for a market that's spent three years in the doldrums after a prolonged shadow banking crisis strangled access to credit

Man Faked Identity, Documents To Obtain Home Loans Worth Rs 6.7 Crore: Delhi Cops

Delhi News | Press Trust of India | Sunday November 29, 2020

A man has been arrested for allegedly procuring three home loans worth Rs 6.70 crore by posing by forging his identity and documents, the police said on Sunday.

SBI Announces More Concession On Home Loans In Festive Season Offer

Business | Edited by Sandeep Singh | Wednesday October 21, 2020

SBI Home Loan: SBI will provide a concession of 20 basis points on home loans above Rs 75 lakh, and an additional 5 basis points on applications made through the YONO app.

RBI To Rationalise Risk Weightage On Housing Loans To Push Demand

Business | Press Trust of India | Friday October 9, 2020

This measure is expected to give a fillip to bank lending to the real estate sector, the statement on Developmental and Regulatory Policies said.

HDFC Cuts Lending Rates By 0.2%, Home Loans Cheaper From Today

Business | Edited by Abhik Deb (with inputs from agencies) | Friday June 12, 2020

The new rates will now range between 7.65-7.95 per cent

Priyanka Gandhi Writes To Yogi Adityanath, Demands Waivers For Farmers

India News | Press Trust of India | Thursday May 14, 2020

Congress general secretary Priyanka Gandhi Vadra on Wednesday urged Uttar Pradesh Chief Minister Yogi Adityanath to waive the interest on home loans availed by the poor and middle class as well as the power bills of farmers for four months.

SBI Loans Get Cheaper From Today As New Lending Rates Take Effect

Business | Edited by Abhik Deb | Sunday May 10, 2020

The one-year MCLR will come down to 7.25 per cent, from the current 7.40 per cent with effect from May 10.

RBI Eases Loan Repayment Rules. How It Helps You

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday March 27, 2020

The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...

RBI Asks Lending Firms To Allow 3-Month Delay On EMI Payments

Business | Press Trust of India | Friday March 27, 2020

The Reserve Bank of India has also allowed banks for deferment of interest on working capital loans for the next three months - until June 2020.

State Bank Of India (SBI) Cuts Home, Car Loan, Fixed Deposit Rates

Business | Edited by Sandeep Singh | Wednesday March 11, 2020

Last month, the RBI maintained the status quo on monetary policy amid high inflation, in line with economists' expectations.

Alternative Slabs To Take Country Towards A Simplified Income Tax Regime: Nirmala Sitharaman

Business | Press Trust of India | Sunday February 16, 2020

The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions including those against payment of interest on home loans and tax-savings investments.

SBI Home Loans To Become Cheaper, Fixed Deposits To Fetch Lower Returns: 10 Points

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday February 7, 2020

State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...

Deduction Of Rs 1.5 Lakh On Home Loan Interest Extended Till March 2021

Business | Press Trust of India | Saturday February 1, 2020

The additional deduction of Rs 1.5 lakh, over and above the existing Rs 2 lakh, is being provided under the Section 80EEA.

Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: Industry Body

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday February 1, 2020

India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.