Share Of Housing Loans In Total Advances Rises To 14.2% In 11 Years: RBI Report
The rise in unsold inventory resulted in an uptick in the inventory overhang in January-March of 2022-23, it said. It noted that with strong demand for houses in the post-pandemic period, the house price gap (actual less trend) is closing after a period of around three years. A positive house price gap is an early warning of concentration of credit and vulnerability in the housing market.
Jul 02, 2023, 16:41 PM IST
Delhi Cooperative Housing Finance Corporation slashes interest rates on housing loans
Cooperative Minister Rajendra Pal Gautam has instructed the corporation to slash the rates on the directions of Chief Minister Arvind Kejriwal, the statement from Delhi government said. "With the directions of the Delhi government, the rate of interest for Delhiites to take housing loans has been reduced from 7.45 per cent to 6.75 per cent," said Rajesh Goyal, chairman of the corporation.
Feb 08, 2021, 20:50 PM IST
Budget 2020: India Inc favours increase in standard deduction, incentives for housing loans
Majority of respondents surveyed indicated that the Union budget 2020-21 will observe an increase in tax exemption limit to Rs 2.5 lakh per annum.
Jan 24, 2020, 16:49 PM IST
Watch: How to make energy efficient house to save electricity
How to make energy efficient house to save electricity. Watch this video to know more.
Sep 14, 2019, 17:48 PM IST
'RBI rate cut to boost housing sales this festive season'
The real estate sector is facing a multi-year slowdown, particularly residential segment. The sales have been hit further post demonetisation and NAREDCO President Parveen Jain said the cut was much awaited and will fuel demand.
Aug 02, 2017, 18:06 PM IST
Risk weights cut on home loans credit negative for banks: Moody's
The Reserve Bank's recent move to reduce risk weights and standard asset provisioning on individual housing loans are credit negative for the banking sector, says a report.
Jun 15, 2017, 15:09 PM IST
Affordable housing safer bet for lenders with under 1% NPA
With higher loan growth rate of 23 percent over almost the past five years and low delinquency rates of under 1 percent, the affordable housing segment offers strong growth opportunities for lenders, says a report.
May 03, 2017, 18:53 PM IST
PNB Housing offers EMI step up plan for self-employed loanees
PNB Housing Finance' self-employed customers, who have taken loan of Rs 50 lakh and above, can now opt to pay lower repayments initially and step it up gradually as income increases.
Feb 16, 2017, 20:12 PM IST
DHFL cuts home loan rate by 0.2% to 9.35%
Dewan Housing Finance Corporation Ltd (DHFL) on Thursday reduced lending rate by 0.2 percent to 9.35 percent to cash in on the festival fervour.
Oct 06, 2016, 18:38 PM IST
EPFO subscribers may get housing loans at low rates
EPFO subscribers may get housing loans at low rates. Watch this bulletin and catch all the latest news and updates here.
Jul 23, 2016, 17:16 PM IST
Good News! PNB waives processing fee for home, car loans till Sept 30
In a first in the current fiscal, Punjab National Bank has waived processing fee and documentation charges for new housing and car loans till September 30 as a part of its three-month 'monsoon bonanza' offer.
Jul 04, 2016, 18:34 PM IST
RBI move on LTV ratio to cut down home loan rates: Crisil
RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.
Oct 09, 2015, 22:09 PM IST
RBI's new norms to boost housing loan market: BofA-ML
The Reserve Bank's new norms on individual housing loans is expected to give a strong fillip to the housing loan market in India, says a Bank of America Merrill Lynch report.
Oct 09, 2015, 17:46 PM IST
Home buyers can now get more loan for property up to Rs 30 lac
Banks can now provide home loans up to 90 percent for properties that cost Rs 30 lakh or below, RBI said Thursday.
Oct 08, 2015, 19:37 PM IST
Housing sector gets leg-up as RBI to lower minimum risk weight
Banks will be able to free more funds to lend for affordable housing as the Reserve Bank on Tuesday proposed to lower the minimum risk weight on housing loans from the current 50 percent.
Sep 29, 2015, 16:22 PM IST
PNB waives processing fee on housing, car loans till Dec
Punjab National Bank (PNB) has launched monsoon bonanza offer in which the bank is offering full waiver of upfront or processing fees and documentation charges on all housing and car loans.
May 25, 2015, 21:49 PM IST
Home prices hit roof, but affordability near its best: HDFC
Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd.
May 17, 2015, 13:48 PM IST
Dewan Housing Finance Q4 net up 14.8% at Rs 162.28 cr
The company's total income in the fourth quarter of last fiscal rose to Rs 1,582.47 crore, from Rs 1,417 crore in the year-ago period.
Apr 29, 2015, 16:03 PM IST
RBI rate cut good for business, will boost demand: Revenue Secretary
RBI's decision to cut interest rate augurs well for business and will prompt people to go in for housing and consumer loans which will boost demand and growth, Revenue Secretary Shantikanta Das said Wednesday.
Mar 04, 2015, 13:34 PM IST
Affordable homes: Bank can lend Rs 10 lakh against infra bonds
The RBI on Thursday allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing.
Nov 27, 2014, 15:31 PM IST
