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NAREDCO demands infrastructure status, tax incentives for housing sector in Union Budget

NAREDCO demands infrastructure status, tax incentives for housing sector in Union Budget

In order to effect a revival of real estate sector, realtors' apex body NAREDCO on Thursday demanded infrastructure status to housing and tax incentives for home buyers and developers in the upcoming Union Budget.

Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

The government had in January 2016 had set up the high-powered panel to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners.

Jharkhand slashes housing loan interest rate for MLAs

The ruling Bharatiya Janata Party in Jharkhand has shown generosity towards legislators by slashing interest rate on housing loan to a mere four percent.

Money Guru : Benefits of Housing Loan

Watch this special segment and get to know the benefits of housing loan and how tax can be saved through the Home Loan?
To know more watch this full video here.

SBI, ICICI cut home loan rate by 0.10%

SBI, ICICI cut home loan rate by 0.10%

Leading banks SBI and ICICI on Thursday cut their home loan rates by 0.10 percentage point to 9.4 percent following implementation of a new interest rate calculation regime mandated by RBI.

Housing finance companies gain as much as 9.3% on RBI move

RBI said that banks can now provide loans up to 90 percent for properties that cost Rs 30 lakh or below.

Goa minister under ACB scanner for 'misusing' housing loan

 Goa Industries Minister Mahadev Naik is likely to be questioned by state Anti-Corruption Bureau (ACB) after an activist accused him of diverting his home loan for buying a commercial property.

Budget 2015: Expectations of Home Buyers

Here are some changes that the Home Buyers expect in this year’s Budget.

First time home buyers to get additional tax break of Rs 1 lakh

First time home buyers wil get additional tax break of Rs 1 lakh in home loan.

Priority sector lending benefits for housing sector likely

In order to boost real estate development, government is planning to extend priority sector lending benefits to the housing sector and work on bringing down the interest rates to 7-8 percent.

Bank can't recover EMI on undisbursed loan, rules Forum

Even though the loan amount was not actually disbursed to the complainant till March 2009, the recovery of the housing loan principal and interest at the rate of 10 percent was made by the bank.

Enhance exposure in Housing finance firms: PMO to EPFO

Retirement fund body EPFO is considering significantly increasing its exposure to housing finance companies to comply with PMO's suggestion to fund low cost housing in the country.

SBI cuts interest on home loan by up to 0.15%, makes rate structure uniform

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15 percent on housing loan and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.

Budget 2014-15 OVERVIEW: Income tax exemption limit raised to Rs 2.5 lakh; PPF cap hiked

Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh.

FY14 home loans at Rs 1.6 tln; total book at Rs 9.6 tln: NHB

Indians borrowed nearly Rs 1.60 lakh crore in housing loans in 2013-14, helping home finance firms' books move closer to the Rs 10 lakh crore mark, said a top official of the National Housing Bank.

Work out a combo deal

Plan the funding for your home before getting married or you may stay in rental accommodation for a very long time.

Getting lured by 0% interest schemes?

Technically, unmanageable debt refers to non-housing related debt in excess of 8% of a person’s gross income.

NHB slashes its lending rate by 0.5% to 10%

The step will result in reduction of cost for mortgage firms like LICHF and HDFC.

Housing price cut not possible sans interest reduction

Realtor's body CREDAI on Wednesday said it is unrealistic on the part of the government to expect developers to cut housing prices and demanded that steps should be taken to boost supply of affordable homes.

RBI ups housing loan limit to Rs 10 lakh for weaker section

In bid to promote housing for low income groups in major cities, Reserve Bank on Wednesday doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending.