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

Last Updated: Thursday, July 10, 2014, 10:10

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

Last Updated: Wednesday, April 02, 2014, 19:31

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

Last Updated: Monday, September 02, 2013, 10:00

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?

Last Updated: Monday, September 02, 2013, 09:51

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

Hope for couples living in congested accommodation

Last Updated: Thursday, October 18, 2012, 13:32

The proposal for interest subsidy on loans for home improvement is to go to the union cabinet in the near future.

NHB slashes its lending rate by 0.5% to 10%

Last Updated: Wednesday, September 26, 2012, 13:53

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

Housing price cut not possible sans interest reduction

Last Updated: Wednesday, August 22, 2012, 20:23

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.

Cabinet approves housing loan subsidy proposal

Last Updated: Tuesday, July 03, 2012, 15:53

The Union Cabinet on Tuesday approved the Budget proposal to extend one percent interest subsidy scheme for housing loans up to Rs 15 lakh by one year.

Competition mild in home loan market: Avendus

Last Updated: Friday, June 15, 2012, 14:49

The major players currently in the market include HDFC, SBI and LIC Housing Finance.

Hudco plans re-entry into retail housing loan segment

Last Updated: Tuesday, June 12, 2012, 10:53

State-owned Hudco plans to re-enter the retail housing loan segment after a gap of two years.

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

Last Updated: Wednesday, April 25, 2012, 23:24

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.

Govt may enhance tax deduction for home loans in Budget

Last Updated: Sunday, February 12, 2012, 15:49

In a bid to boost housing sector credit, the government is contemplating to enhance income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.