Plot/land loans can be obtained for agricultural purposes or if the land has been approved for house construction, it can be obtained for constructing your home in the near or distant future. Not every bank is keen on lending for land purchase as they foresee difficulties in documentation and protection of land against encroachments.
To get the best out of the tax savings, it is good to let the partner with the higher pay make a higher contribution towards the home loan resulting in a better tax benefit collectively. In any case as both Niranjan and Chitra are earning, other expenses can be managed with the income of the… Read More »
Prime lending Rate is the benchmark interest rate on the basis of which financial institutions decide the interest rates on the various loan products. For example, a bank might say a loan interest rate will always be 0.5% above the PLR. So this means if the PLR increases or decreases by a certain amount, the… Read More »
Real estate market is seeing action once again in certain pockets. The damage done by the economic slump on princes has almost been undone in several pockets of Mumbai, Bangalore and NCR. The real estate industry is picking up, but slowly and unevenly. While NCR has seen the highest number of project bookings in the… Read More »
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… 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 »
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 »
Home loan and car loan rates are expected to rise in April. This is due to the sudden increase in interest rates by the RBI on 19th March 2010. The rate hike preceded by a month prior to the monetary policy is announced. The decision to increase the rate is due to increasing rate… Read More »
Increasing competition in the luxury residential property sector, India’s biggest realty player DLF said it will sell having a price tag of Rs 4 crore per flat in the center of the National Capital. The company is selling 150 luxury apartments subsequent to the introduction of the 3rd phase of its housing project, Capital Greens… Read More »
The timing came as a surprise to markets as it expected announcements on the rate front but only during its annual monetary policy announcement scheduled for April 20. RBI is of the opinion that monetary policy changes have a lag effect, so making announcements in a timely manner helps to avoid taking strong measures at… Read More »