By Accommodation Times Bureau
The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that Government of Kerala had approached Housing & Urban Development Corporation Limited (HUDCO) for a loan of Rs.2500 crore in the Financial Year 2009-10 for their scheme ‘EMS Total Housing Programme’ where every houseless was to be provided a house [...]
Posts Tagged ‘Housing Finance’
Kerala Govt. approached to HUDCO for loan of Rs.2500cr
Posted by propertyagentsindia on May 16th, 2012
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HUDCO sanctioned loan to Economically Weaker Sections
Posted by propertyagentsindia on May 15th, 2012
By Accommodation Times Bureau
New Delhi: The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that the amount of loan sanctioned by Housing and Urban Development Corporation (HUDCO) for economically weaker sections in the country including Uttar Pradesh during each of the last three years.
In a written reply in the Lok Sabha today [...]
Finance ministry increases Home Loan limits in Union Budget
Posted by propertyagentsindia on May 7th, 2012
By Accommodation Times Bureau
Pursuant to the announcement made by Union Finance Minister in the Union Budget for the year 2012-13, it has been decided to increase the limit from Rs.5 lakh to Rs.10 lakh for the bank loans extended to non-governmental agencies, approved by NHB for their refinance, for on-lending for the purpose of construction/reconstruction [...]
FAQs on Housing Finance
Posted by propertyagentsindia on April 20th, 2012
By Accommodation Times Bureau
Q-1 What are Income tax benefits of taking and repaying a housing loan under EMI Plan?
You will be eligible to claim both the interest and principal components of your repayment during the year.
• Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 150,000 or the [...]
MCHI-CREDAI hails RBI rate cut
Posted by propertyagentsindia on April 18th, 2012
By Accommodation Times Bureau
MUMBAI: Welcoming the RBI decision to cut repo rate by 50 basis points, the real estate developer community has expressed the hope that the benefit will be passed on to the consumers.
MCHI-CREDAI president Mr Paras Gunecha said that the commercial banks should cut rates of interest so that home loans would become [...]
Housing finance will be cheaper in Q1 as RBI cuts rate
Posted by propertyagentsindia on April 16th, 2012
By Accommodation Times Bureau
Mumbai:
In the first quarter of 2012 home loans are likely to come down as Reserve Bank of India on Tuesday cuts its benchmark rates, this move is widely expected by banks. Majority of banks is expecting the RBI to cut its repo rate for the first time in three years to improve [...]
Relief for home loan borrowers can shuffle to floating rates scheme, SBI
Posted by propertyagentsindia on March 28th, 2012
By Accommodation Times Bureau
The country’s biggest money lender State Bank of India has given an option to its existing home loan borrowers. The customers those are on the prime lending rate can shuffle their scheme to newly launched floating rates that are much lower than the prime lending rates.
According to the senior official of SBI [...]
Festival special home loan schemes still continue
Posted by propertyagentsindia on March 24th, 2012
By Accommodation Times Bureau
In the festival season housing finance companies have started the home loan schemes, but still haven’t withdrawn with those schemes such as fixed-cum-floating rate home loan due to upsurge in demand.
In the previous year’s September month the Housing Development Finance Corporation (HDFC) has introduced dual-rate product Fixed First and also has [...]
Cut in CRR greeted by realty sector
Posted by propertyagentsindia on March 10th, 2012
By Accommodation Times Bureau
Reserve Bank of India’s decision to cut in Cash Reserve Ratio (CRR) realty sector has warm welcomed it. The move will help to get better the liquidity position of all sectors including realty sector, as well as cited that interest rates should be reduced to shoot up the housing demand.
The cut [...]
Property prices increased in Q4-2011: NHB
Posted by propertyagentsindia on March 9th, 2012
By Accommodation Times Bureau
According to the NHB reports revealed that property prices increased in the 4th Q of the last fiscal year, particularly Mumbai and Kolkata have witnessed of price correction of 0.5%— the least among the cities, whereas Surat has seen maximum appraisal of 9.4%.
Instead of correction, property prices increasing across the country. According [...]
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