RBI introduces relaxed Loan-to-Value ratios, priority sector norms, and RERA compliance to enhance home loan accessibility in Mumbai's real estate recovery.
The Reserve Bank of India (RBI) uses the repo rate, the interest rate at which it lends to commercial banks, to control inflation.
Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.
The RBI's three-month moratorium on home loan repayments aims to alleviate financial burdens for homebuyers amidst COVID-19, aiding economic stability and liquidity for developers.
More than 75,000 homebuyers of Amrapali, Jaypee Infratech, and Unitech in the National Capital Region are likely to be ineligible for the Rs. 25,000 crore stress fund due to government conditions. The finance ministry has clarified that the fund won’t be invested in projects facing litigation in high courts and the Supreme Court. Houses costing more than Rs. 1.5 crore in the NCR region are also not eligible.
The public Housing Finance firm has acted against Orbit Corporation and Unitech for loan defaults, taking possession of properties and issuing notices for repayments.
NHB to Receive ₹500Cr Loan from British Govt for Affordable Housing
Indiabulls Housing reduces home loan rates by 0.15% to 10.25%, valid till November end for loans under Rs 25 lakh.
The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.
The Union Budget 2013-14 provided minimal direct support to the real estate sector, addressing affordable housing slightly and impacting the luxury segment negatively.
RBI's decision to hold key policy rates steady has disappointed real estate developers, who were hoping for a reduction in borrowing costs. Industry leaders believe this will negatively impact the sector and hinder funding for projects.
Assotech and Sun-Apollo announce a Rs 500 crore housing project in Gurgaon, located on Dwarka Expressway, with the development of apartments and villas.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
The real estate sector anticipates favorable changes in the Union Budget 2012-13, including increased loan subsidies for affordable housing and enhanced FDI regulations.
Buyers of unconstructed houses in Noida Extension have taken to the streets to plea the Supreme Court for justice, demanding full refunds from builders.
RBI's rate hike impacts homebuyers, say builders and bankers. Increased interest rates expected to further lower home sales as buyers reconsider purchases.
SBI discontinues teaser home loan rates, aligning with RBI's directive. New rates range from 9.5% to 10.25%, based on loan amount, and are linked to SBI's base rate.
Scope for small real estate investors is limited compared to institutional investors in India, but investing in rent-generating assets can still bring decent returns.
Around 44% of the population earns between Rs 8,500 and Rs 40,000 monthly. Are affordable homes truly accessible to this segment, especially with financing challenges? Expert Arun Mohan proposes solutions in his book "Affordable Housing: How Law and Policy can make it possible."
SBI may extend its 8% home loan scheme beyond March 31, offering relief to borrowers. Despite RBI concerns, SBI believes the scheme supports economic growth and key sectors.
Home loan interest rates fall below 8% as DCB and GIC Housing compete, sparking a price war during the festive season.
MCHI's Property 2009 exhibition in Mumbai showcases properties from 75+ developers. Co-organized by SBI, it features financing offers for aspiring homeowners in Mumbai, Thane, Navi Mumbai, and Pune.
The Reserve Bank of India is planning to ban lending below the prime lending rate, which will impact floating-rate home loans.
Ansal Properties to invest twenty billion rupees in affordable housing this fiscal year, marking the final installment of a sixty billion rupees investment for developing nineteen integrated townships.
Activists demand the implementation of a 1983 government rule allowing affordable group housing by providing land at low rates. Over 3,900 applications are pending.