The step-up scheme can be implemented in different stages. In certain instance there are 2 phases, one lower and other higher. In other cases, it is a gradual system. It can be carried out annually, after 5 years or at any time intervals. Some step-up schemes from certain banks offer fixed interest rate, but these… Read More »
A cartelisation of Mumbai’s real estate, in the case of transferable development rights has hiked the prices and also led to worries amongst policy makers. A recent development shows that mere 6 builders are in charge of 70% of the 2.5-3 million sq ft available TDR. The price of TDR has also gone up to… Read More »
Eliminating pre-payment penalty on loans might encourage banks to increase interest rates on loans to pass on their load on to the customers, according to RBI Deputy Governor Usha Thorat.
Realty major DLF has sold out 1,200 autonomous floors worth Rs 500 crore in the initial stage of its integrated township at Panchkula (Haryana) within a week of commencing the project. DLF has sold over 1,200 autonomous floors, covering 2 million sq ft of built up area from the commencing of the project on February… Read More »
The competition in this arena is expected to further strengthen the infrastructure capabilities of CIBIL, which currently has the first mover advantage and a huge database to its credit, not to mention a huge list of banks and financial institutions as its members. On the other hand the new entrants come with the rich experience… Read More »
Real estate attracts capital gains tax. The advantage is that we can use indexation benefits to our advantage. The indexation index is announced every year by the Income tax department. This is a number which links the inflation to property values. By using indexation, we can estimate the true appreciation of the real estate after… Read More »
Saving on the net interest is the significant advantage of prepaying the home loan, other than the fact that you will retain the complete ownership of the house earlier than planned. The longer the loan tenure, the more the interest repaid, hence its best to repay your home loan in the shortest loan tenure possible,… Read More »
Banks are worried about the competition commission’s interference on homeloan prepayment penalty subject as they are worried that it would force their costs, hike risk and also increase the lending rates.
Today you can buy a holiday home in a scenic setting and earn rentals and high returns. This is because most of the holiday homes are situated in areas that have high aspirational value and thus appropriate resale value and owning such a home in hills or on the beach is considered as the matter… Read More »
Different banks are coming up with different schemes to home loan customers. You have different options to choose from and should use this option to find out about the best deals available for you. However, when you look at a home loan, it is important that you take into consideration not only the interest rates… Read More »