Stay updated with breaking news from Ashok mohanani. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Home loan rate cuts by key lenders to help push housing sales momentum further SECTIONS Share Synopsis The country’s largest private mortgage lender HDFC has reduced the interest rate on its home loans to 6.75% from 6.8%. This reduction in home loan rate was announced just days after banks like the State Bank of India (SBI) and Kotak Mahindra Bank announced rate cuts. The banks are competing to grab the home loan customers before the fiscal year ends The reduction in home loan interest rates to the record-low level by leading financiers including the Kotak Mahindra Bank is expected to boost the current housing sales momentum further. ....
The real estate industry, passing through a protracted recession even before the pandemic which worsened it manifold FP Staff February 03, 2021 22:05:49 IST The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the revival in the sector. ....
Union Budget 2021: Realty sector wants finance minister to accord long-awaited industry status The last few years have witnessed a major downfall in the real estate sector owing to demonisation, GST, RERA, NBFC crisis, says Sanjay Daga, COO, Runwal FP Staff January 31, 2021 19:39:28 IST Expectations rise for real estate sector ahead of budget. The real estate sector is confronting crippling liquidity for a long time. A relaxation in norms for raising capital, tax incentives for home buyers, reduction in housing finance cost through preferred interest rates, continuing subsidies under Pradhan Mantri Awas Yojana (PMAY), and paving the road for the quick availability of Alternate Investment Funds (AIF) are some of the relief measures the sector expects. These initiatives will put more money in buyers’ and developers hands, stoking the ....
Maharashtra okays 50% cut in premiums for builders [email protected] Filed on January 7, 2021 The reduction in premiums, coupled with the revision in stamp duty will make real estate development in Maharashtra lucrative. Reuters Residential sales grew 80 per cent in Q4 2020 over same period last year. The Maharashtra government’s bold decision to reduce premiums by 50 per cent under the new Development Control and Promotion Regulation (DCPR) rule 2034 across the board for on-going and new property projects upto December 31, 2021 has been hailed across the industry. Dr Niranjan Hiranandani, President Naredco, said: “This move will go a long way in expediting the project completion and the industry will witness new launches in the market. The industry applauds this booster dose making many projects viable and we shall adhere to the rules laid down in lieu of availing these benefits. Also, the reduction in premiums for new lau ....