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LIC Housing Finance Ltd sees uptake in home loans
Posted on Dec 19, 2014
BENGALURU: Though the real estate sector in the country has slowed down, LIC Housing Finance Ltd (LIC HFL) is seeing a surge in demand for housing loans for the budget to mid-income home market.

The country's third largest housing finance company reported a 25% growth in home loan disbursements at the end of the September quarter over the same period a year ago. The September month registered a 40% growth. The lenders average loan dispersal amount is Rs 20 lakh.

Sunita Sharma, MD and CEO, LIC HFL, who was in city, said at the end of the ongoing fiscal the company is poised to post an over 20% growth in loan dispersals as against the previous fiscal's growth of 18%-19%.

"The positive sentiments of the consumer are showing. In the period before the new government came to power the end-user segment within real estate was not really willing to make a decision. But after a stable government has assumed power, this end-user segment is taking decisions. And that's the big difference," said Sharma.

The growth in loan dispersals has helped LIC HFL grow its market share from under 10% to a little over 11%, in the last 12-months. State Bank of India and HDFC are other two leading players in the home loan space.

Sharma said the finance ministry's proposal of housing for all by 2020 and the incentives given to the affordable housing segment will shore up real estate activity in a big way. She said for the overall market to grow there was an urgent need for an independent real estate regulatory authority. "This will help bring in more transparency in builder transactions which is important for the development of the market and building confidence among buyers."

Home Expo: The fifth edition of LIC HFL Nimma Mane home expo is happening on 13 and 14 December at the Kormangala Indoor Stadium. The current edition will see the participation of 80 plus developers, showcasing more than 300 properties. LIC HFL is providing spot approvals for home loans and is reducing the processing fee by Rs 5,000.

V Nagarajan: Terms and conditions for NRIs to apply for land plot loans
Posted on Dec 19, 2014
A number of corporate developers are now undertaking land development projects.  I intend investing in such projects.  Are NRIs eligible for plot loans and what are the terms and conditions? Rishab, SharjahYes. NRIs and PIOs are eligible for plot loans.  The lending rate may be slightly higher than those available for buying homes wh ...

Best Place for Investing in Bangalore
Posted on Dec 19, 2014
Bangalore : Over the years, IT Hub of India – Bangalore has been attracting the real estate investors. Traditional sentiments in the city, infrastructure development and increased purchasing power have contributed Bangalore city to experience a good boost in property investment. The prime localities like Central Business District in Bangalore conti ...

Second-hand Homes in High Demand in Central Hyderabad
Posted on Dec 19, 2014
HYDERABAD: Inspite of the grim situation in the real estate sector in the city, second-hand homes in central Hyderabad are very much in demand and people are selling their homes, apartments for little or no depreciation, according to realtors.Several builders and developers were of the opinion that people were not willing to part with their homes, ...

Rs 30-40 lakh flat sells easily in Tambaram East
Posted on Dec 19, 2014
When 38 year old RN Rajan thought of investing in a property in Chennai in 2012, the only thing on his mind was to keep the property for two years and earn capital appreciation of minimum 10 per cent.He narrowed his research and settled on Tambaram East and invested in a 2BHK unit worth Rs 29 lakh. Today, the same property costs Rs 35 lakh as per t ...

Hosur Road, new attraction among buyers
Posted on Dec 19, 2014
Apart from swift connectivity, proximity to IT companies, commercial and retail establishments, what really makes Hosur Road, a new attraction among buyers, is the available and upcoming housing stock for buyers with varied budgets.Bijay Agarwal, chairman & managing director, Salarpuria Group says “Bangalore has always been an end-user market a ...

Bengaluru only big city to see rise in home sales
Posted on Dec 19, 2014
BangaloreBengaluru will be the only major city to see a growth in new residential sales in 2014. Five other major metros are expected to see a decline, with NCR and Mumbai being the worst hit thanks to poor sentiment and high property prices.International property consultancy Knight Frank estimates that by the end of December, the real estate marke ...

Axis' fixed rate home loans cut to 10.4%
Posted on Dec 16, 2014
MUMBAI: Axis Bank on Tuesday cut interest rates on its fixed rate home loans by 135 basis points to offer up to 20-year mortgages for 10.40% - one of the cheapest in the market. The cheap loans follow the bank raising Rs 5,705 crore by way of 8.85% infrastructure bonds, which it issued to International Finance Corporation and Life Insurance Corpora ...

Where to find homes under Rs 20 lakh
Posted on Dec 16, 2014
Where most of the Tier-I cities in India are struggling to provide dwellings to the lower and middle income population, Pune, the eighth largest metropolitan city in the country, has a lot to offer. Though it is difficult to define what can be termed as affordable, the Indian government hopes to provide houses which a person can afford to buy by sp ...

Tips for NRIs to buy a home in Bengaluru
Posted on Dec 16, 2014
With a number of locations in Bengaluru coming up with residential projects, it is a daunting task for Non Resident Indians (NRIs) to select a good location to buy property. Expanding job markets, professional growth and moderate climate of the city has grabbed the attention of these NRIs.Bengaluru offers a wide range of residential housing options ...

Is it Right Time to Buy a Property in Bangalore?
Posted on Dec 16, 2014
Bangalore : Buying a residential/commercial property is a dream of every individual, even if it is a single room or 1000 sq ft of investment property.  It is a biggest purchase in every ones life, thats why property buying obliges a lot of apprehension whether it is for living or for investment purpose. For the majority of peoples, it never ...

Second-hand homes in demand
Posted on Dec 16, 2014
HYDERABAD: The sluggish movement of the real estate market notwithstanding, the sale of 'second hand homes' in the city has seen an impressive growth over the past few months.Industry insiders peg the jump to anywhere between 15% and 20%, and attribute the trend to the poor availability of "quality products" in Hyderabad at present.According to the ...

Pune: First choice for second homes
Posted on Dec 16, 2014
Pune being one of the fastest growing cities in the country, its real estate sector has been a major beneficiary and are the buyers. With an all-round steady growth, second home is gaining popularity in the city. The advantage of a second home as an investment earning a rental income or using it a vacation home on weekends has helped it gain popula ...

Why you should invest on Hosur Road?
Posted on Dec 16, 2014
Hosur Road, one of the main roads in Bengaluru, is known for its connectivity within the city, to the established suburbs and also to other cities in Tamil Nadu. Several factors make this location a highly active area for real estate development and investment.One of the primary reasons to live in Hosur Road is its emergence as the center for resid ...

Where to invest? Residential or commercial property
Posted on Dec 16, 2014
New Delhi: Investment in residential and commercial properties is an obvious choice for most property investors, but there are essential differences between these two asset classes.When the choice falls between either residential or commercial property investment in India, residential does have certain advantages. In most Indian cities, there is us ...

Hyderabad - Best Affordable City to Buy or Rent
Posted on Dec 13, 2014
Have gone up just by 11 percent, the report added. Hyderabad is the well developed city with all the features. One can find a residential property for rent or to buy at affordable prices. For every budget, the city offers luxury apartments to affordable apartments. Due to various reasons the real estate business in Hyderabad has taken a whipping. H ...

How to ensure good returns on your investment?
Posted on Dec 13, 2014
After residential development the next buzz in Bengaluru is the spurt of infrastructure development projects. “Gone are the days when investments in real estate depended on new residential development, todays buyer prefers to invest in that part of the city where infrastructure development is coming up, as it ensures good returns on investment and ...

Spacious homes are most preferred in Hyderabad
Posted on Dec 08, 2014
Imagine living in a 3BHK house in a fairly developed locality, close to your office and which costs within Rs 60 lakh. While in most Tier-I cities this seems impossible, Hyderabad is an exception. In the last one year, the demand and supply for 1BHK units has been limited to under 10 per cent, while it has remained inclined towards larger spaces, a ...

Foreign investments to push Thanisandra real estate
Posted on Dec 08, 2014
Thanisandra, a locality in North Bengaluru, has recently attracted Foreign Direct Investments (FDI) for residential projects. These investments are from large companies based abroad. The investments will aid in fast tracking residential development in this part of the city.Of late, Thanisandra is witnessing a rise in demand for mid-segment housing ...

At what stage should you invest in property?
Posted on Dec 08, 2014
At what stage should you buy property? Would investing in the pre-launch stage of the project give you better returns? What are the risks involved? For an investor or an end-user, especially those buying for the first time, deciding the right time to buy a house is a major concern. To advise users, Magicbricks organised a live chat session, GuruTal ...

Recent Articles
LIC Housing Finance Ltd sees uptake in home loans
V Nagarajan: Terms and conditions for NRIs to apply for land plot loans
Best Place for Investing in Bangalore
Second-hand Homes in High Demand in Central Hyderabad
Rs 30-40 lakh flat sells easily in Tambaram East
Hosur Road, new attraction among buyers
Bengaluru only big city to see rise in home sales
Axis' fixed rate home loans cut to 10.4%
Where to find homes under Rs 20 lakh
Tips for NRIs to buy a home in Bengaluru

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