A new survey states that Indians are primarily looking to purchase houses costing Rs 20-50 lakh. This means the new housing projects costing crores of rupees may not have many takers. Moreover housing demand in the National Capital Region, which has seen an array of lavish and expensive projects being started in the recent past,… Read More »
The biggest lender in the country, State Bank of India has already started hiking interest rates on home loans. Being one of major players in the housing finance market, SBI has increased home loan rates despite carrying on with its teaser loan offer. The bank has increased the duration of its special home loans till… Read More »
HDFC Bank, a leading bank in the country that offers various banking services including Personal Loans has been penalized by the District Consumer Complaints Redressal Forum. The bank was held responsible for illegal fund transfer in an internet banking transaction. As per the order dated 25th March, the Forum has asked the bank to refund… Read More »
Hyderabad and Bengaluru are the 3rd most chosen real estate investment spots in 2010, nationally, as per online real estate website, Makaan.com. The real estate portal said that it held a nationwide online survey called Realty Trends 2010 for metros and Tier II cities throughout the country, which was participated by more than 4,800 prospective… Read More »
Czech luxury car manufacturer Skoda has introduced a new model of its sedan Superb which will be more than Rs 1.5 lakh less than the current automatic model. The company launched the Skoda Superb 1.8 TSI (Petrol) with manual transmission (MT) costing Rs 18.28 lakh (ex-showroom, Delhi).
India’s biggest bank SBI said it intends to recruit around 15,000 business correspondents this fiscal, who will assist rural people to open bank accounts. A top SBI official said, “In order to expand our presence in the unbanked areas, the bank intends to hire around 15,000 (business correspondents) in 2010-1”.
Many big banks have opted not to continue with the special home loan scheme called as teaser home loan. Banks such as Punjab National Bank, Corporation Bank, United Bank of India and Bank of Maharashtra have chosen to terminate this scheme.State Bank of India, the country’s biggest lender has increased the duration of this scheme… Read More »
Realty sales in Mumbai Metropolitan Region (MMR) have decreased. The total area m sq ft sold in MMR in December 2009 as against September 2009 quarter, has fallen. Prices have gone up or remained flat in few instances. This implies that homebuyers are sticking on to their demand and applying control. Demand for expensive houses… Read More »
Volkswagen, Europe’s biggest car manufacturer announced the introduction of the Passat TSI and Jetta common rail diesel engine. The Passat 1.8 L TSI costs Rs 19.20 lakhs, ex showroom New Delhi. The Jetta 2.0 L diesel Comfortline costs Rs. 15.92 lakhs. ex showroom, New Delhi. The Passat will be fitted with TSI petrol engine. The… Read More »
India’s biggest car manufacturer, Maruti Suzuki India, said it might launch factory-fitted CNG cars by next financial year. R C Bhargava, Maruti Suzuki Chairman said, “Our R&D people are working on developing a CNG vehicle which will have factory fitted kits. We are going ahead with the development but lot will depend on availability of… Read More »