Housing prices may rise by 5-10 percent in the next 3-6 months as the cost of funds for developers is expected to increase following the Reserve Bank of India`s decision to raise key policy rates by 25 basis points.
Moving away from unsolicited calls to sell home loan products, private lender HDFC Bank will soon be tapping customers for group company HDFC through web chats where the customer wilfully logs on for details.
Finance Minister Pranab Mukherjee
today said the proposed Direct Taxes Code (DTC) will address
the issues like MAT on gross assets, shift to new method of
taxation on savings, exemptions on home loans.
Over eight million central
government employees and pensioners will get an additional
five per cent dearness allowance that will hit the exchequer
by over Rs 2,900 crore this fiscal and Rs 4,355 crore in a
India`s second largest lender, ICICI Bank, has seen growth returning in its home and auto loans portfolios in the second quarter on the back of improving sentiments in the credit market, its chief said.