Homebuyers Loans

In a relief for thousands of home-buyers stuck with incomplete projects of embattled realty developer Amrapali Group, the Supreme Court on Wednesday directed banks and other financial institutions to restructure loans declared as non-performing assets. The top court said the lenders will have to release the amount to home-buyers as per Reserve Bank...

State Bank of India on Wednesday said it will finance both builders and homebuyers, charging developers a premium and offering the latter a refund if their apartments are left unfinished.

The finance ministry said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the ''special window''.

The average property value of housing units has appreciated to an all-time high of over Rs 52 lakh, while the annual income of the homebuyer has grown to near Rs 12 lakh, also a record high level, shows the data compiled by HDFC.

In a relief for thousands of home-buyers stuck with incomplete projects of embattled realty developer Amrapali Group, the Supreme Court on Wednesday directed banks and other financial institutions to restructure loans declared as non-performing assets. The top court said the lenders will have to release the amount to home-buyers as per Reserve Bank...

State Bank of India on Wednesday said it will finance both builders and homebuyers, charging developers a premium and offering the latter a refund if their apartments are left unfinished.

The finance ministry said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the ''special window''.

The average property value of housing units has appreciated to an all-time high of over Rs 52 lakh, while the annual income of the homebuyer has grown to near Rs 12 lakh, also a record high level, shows the data compiled by HDFC.