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Don't rush to switch banks for lower home loan rate, advise experts
Posted on Sep 16, 2014
MUMBAI: Despite some large banks and housing finance companies reducing home loan rates a few days ago, industry-observers and planners are advising borrowers to adopt a wait-and-watch approach instead of hurriedly switching lenders. The last few weeks have seen a flurry of activity in the home loan segment, led by major housing finance lenders. State Bank of India has slashed its home loan interest rates by 15 basis points for loans of over Rs 75 lakh.  Mortgage lender HDFC has also extended its scheme offering an interest rate of 10.15% for all loan amounts. Punjab National BankBSE -0.90 %, apart from reducing rates, has also waived off processing fee and documentation charges. ICICI BankBSE 1.18 %, on the other hand, has launched a fixed rate scheme charging interest of rates 10.25-10.50%, depending on the loan amount, for ten years. If the outstanding tenure of your loan is 10 years, then anything lower than 0.75 percentage points will render the switch unproductive. However, a small difference can have a major impact in case of longer tenures. "If the balance tenure is between 15 and 20 years, a difference of 25 to 50 basis points in the rates offered by existing and prospective lender would suffice to ensure substantial savings for the borrower who intends make the switch

Source: http://economictimes.indiatimes.com/wealth/loan-centre/home-loans/analysis/dont-rush-to-switch-banks-for-lower-home-loan-rate-advise-experts/articlesh

Chandrababu Naidu's capital woes: Vijayawada beats Hyderabad in realty prices
Posted on Sep 16, 2014
NEW DELHI: Skyrocketing real estate prices could scupper Andhra Pradesh. Land prices in and around the city have risen sharply especially since the state was bifurcated three months ago. In a radius of about 15 km from Vijayawada, at current prices, builders will not be able to sell apartments within the city at less than Rs 9,000 per sq ft, which ...
Source: http://articles.economictimes.indiatimes.com/2014-09-09/news/53730729_1_land-prices-current-prices-real-estate-prices

Kilpauk maintains a balance between prices and upscale amenities
Posted on Sep 16, 2014
Chennai: Kilpauk, one of the prime areas of Chennai, reported a rise in the price of multi-storey apartments during the Apr-Jun 2014 quarter. These ranged within Rs 10,000-14,000 per sq ft, an increase of approximately 12 per cent as compared to the previous quarter. The price range puts Kilpauk between Annanagar (Rs 8,000-10,000 per sq ft) and Ada ...
Source: Times Property, Chennai/MagicBricks.com Bureau

Hyderabad: Rs 20L home is still a possibility!
Posted on Sep 16, 2014
The premium localities of Hyderabad are offering properties priced below Rs 20 lakh. Most of these are multi-storey and builder floor apartments with a built-up space of 400-800 sq ft, having 1 or 2BHK configuration. 1BHK apartment is available at a starting cost of Rs 13 lakh in Sainikpuri, Uppal and Chanda Nagar, while a slightly larger unit of 1 ...
Source: Surbhi Gupta, Magicbricks.com Bureau

Kothapet realty rises
Posted on Sep 16, 2014
Kothapet will soon be connected through the first phase of the Hyderabad Metro. On one hand, investors are delighted because of rising prices while on the other hand, prospective buyers are finding it difficult to meet these price demands. Kothapet real estate is one such area, where the upcoming metro connectivity within a 3-km radius is attractin ...
Source: Times Property, Hyderabad/MagicBricks.com Bureau

Chembur gains prominence among homebuyers
Posted on Sep 16, 2014
Chembur, a suburban locality situated along the harbour line, is gaining preference among homebuyers in Mumbai. While affordability and connectivity are attracting end-users, the high rental returns and capital appreciation, are pulling in investors as well. With capital values ranging from Rs 15,100-19,700 per sq ft, it is considered one of the af ...
Source: Times Property, Mumbai/MagicBricks.com Bureau

Patna: Rs 36L flat costs Rs 64L in just 5 years
Posted on Sep 16, 2014
Patna has witnessed a large flow of migratory population from metropolitan cities as well as student population, after the Indian Institute of Technology and the All India Institute of Medical Sciences campuses were set-up in the city. Investors and end users are more confident of the law and order in Patna. Patna is the commercial centre and has b ...
Source: Sneha Sharon Mammen, Magicbricks.com Bureau

Hyderabad: 4-km travel can save Rs 10 lakh on 2BHK units
Posted on Sep 12, 2014
The area offers property at Rs 2,200-2,800 per sq ft, while in Kukatpally, you will find properties between Rs 3,000-4,500 per sq ft. A few properties in the area even available for Rs 1,800 per sq ft, Despite being a part of Kukatpally, Pragathi Nagar offers properties at comparatively affordable prices. Although many enquires are coming in from ...
Source: Neha Nagpal, Magicbricks.com Bureau

Mumbai: 3BHK flat fetches starting rent of Rs 70k in Santa Cruz (E)
Posted on Sep 12, 2014
Santa Cruz East are enjoying sunny days as they are leveraging the convenience quotient of the locality for earning high rents from their units. the Santa Cruz-Chembur Link Road became operational in April 2014, traffic congestion between Santa Cruz East and Bandra-Kurla Complex (BKC) has gone down considerably. individuals and corporate houses are ...
Source: Surbhi Gupta, Magicbricks.com Bureau

Bangalore Metro Areas for Low Cost Housing
Posted on Sep 12, 2014
Bangalore : Buying a home is not only a dream for people, but also a desire for a lifetime. The city, Bangalore is rising rapidly where its IT companies and infrastructure attracts many individuals which leads to find their livelihood and even like to settle down. Kanakpura Road - Kanakpura Road is located on the southern edge of Bangalore. due to ...
Source: http://www.siliconindia.com/realestate/news/Bangalore-Metro-Areas-for-Low-Cost-Housingnid-172233.html/4

Report: Kolkata property prices inch up in April-June quarter
Posted on Sep 12, 2014
Property prices in Kolkata have seen a one per cent increase between the first quarter of 2014 (Jan to March) and the April to June period of the year. The real estate market in Kolkata is facing a slowdown with fewer project launches happening in the vicinity of the city. Kolkata is also witnessing development in the periphery, especially in areas ...
Source: http://www.thehindubusinessline.com/industry-and-economy/real-estate/report-kolkata-property-prices-inch-up-in-apriljune-quarter/article6386233.ece

Fixed-rate home loans: Not many followers likely for ICICI Bank offer
Posted on Sep 12, 2014
ICICI Bank's fixed rate loan will reduce the difference between the fixed and floating rates to a bare minimum of 10 basis points.  A fixed rate home loan of 10 years at 10.25 per cent might not find many followers, since interest rates are expected to fall from next year. Banks generally push the fixed interest rate option when they expect ra ...
Source: http://www.business-standard.com/article/pf/when-a-fixed-rate-home-loan-make-sense-114090500995_1.html

Noida: Rapidly Emerging Contender In NCR Real Estate
Posted on Sep 12, 2014
Increased buoyancy in the market after the arrival of the new government, especially after the budget has set the ball rolling for real estate sector. With allocation of more funds for affordable housing, easing of FDI norms, implementation of REITs and the special focus on infrastructure development, the government has made it clear that in order ...
Source: http://accommodationtimes.com/index.php/noida-rapidly-emerging-contender-in-ncr-real-estate/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%

Chennai: Will Rs 20-40L investment yield best returns
Posted on Sep 12, 2014
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Chennai property buyers seem to be most enthusiastic about investing in properties priced be ...
Source: Sruthi Kailas, Magicbricks.com

OBC reduces its home loan interest rates to 10.25%
Posted on Sep 10, 2014
After State Bank of India, Punjab National Bank and HDFC Bank reduces their interest rates on home loans, State-owned Oriental Bank of Commerce (OBC) on Wednesday cut home loan rate by 0.5 per cent to 10.25 per cent. The bank has reduced the interest rates on home loans of above. 75 lakh by 0.5 per cent from 10.75 per cent to 10.25 per cent. The ba ...
Source: http://accommodationtimes.com/index.php/obc-reduces-its-home-loan-interest-rates-to-10-25/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A

Fixed-rate home loans back
Posted on Sep 10, 2014
MUMBAI: ICICI Bank has brought back fixed-rate mortgages. The bank is offering home loans up to 10 years at a fixed rate of up to 10.25%, which is close to 10.15% it charges its floating-rate customers. Market leader HDFC offers partially fixed-rate loans where rate is set at 10.25% for first two years, which is close to pricing of its floating-rat ...
Source: http://timesofindia.indiatimes.com/business/india-business/Fixed-rate-home-loans-back/articleshow/41742092.cms

Bangalore Retail Rentals is far Above the Ground
Posted on Sep 10, 2014
Bangalore : Bangalore being the second fastest rising city in terms of development, the metropolitan city is currently witnessing a conspicuous tramp in the rentals of commercial and residential properties. Metropolitan city Bangalore is experiencing an unbeatable growth in the commercial sector where the city is striving for more space in the Ce ...
Source: http://www.siliconindia.com/realestate/news/Bangalore-Retail-Rentals-is-far-Above-the-Ground-nid-172092.html

Find your branded affordable home in Boisar, Thane
Posted on Sep 10, 2014
Boisar in Thane is increasingly becoming a favourite destination for established developers to launch affordable projects. Mahindra Lifespaces and others entering Boisar with their affordable projects, the locality is touted to be the hub for branded affordable homes in Mumbai. Boisar receives considerable local demand for affordable housing from t ...
Source: Sruthi Kailas, Magicbricks.com

Get a 2000 sq ft flat within Rs 30 lakh in Sainikpuri
Posted on Sep 10, 2014
Sainikpuri has come a long way to become an aspirational real estate area it is now. The locality is strategically located towards the north-east of the twin cities of Hyderabad and Secunderabad, offering large apartments at comparatively lower rates in a lush green set-up. One can easily find a 2BHK apartment of 1200-1900 sq ft size within Rs 15-1 ...
Source: Neha Nagpal, Magicbricks.com Bureau

Luxury homes in Pune beat affordable ones in demand
Posted on Sep 10, 2014
The highest any market has shown in the country, a report by real estate advisory company Cushman & Wakefield has said. The citys high-end residential segment has shown a smart 39% rise in capital value in the 2011-14 period. In the high-end properties market, Pune recorded the highest increase in capital values of 39% while Bangalore recorded ...
Source: The Times of India, Pune




Recent Articles
Don't rush to switch banks for lower home loan rate, advise experts
Chandrababu Naidu's capital woes: Vijayawada beats Hyderabad in realty prices
Kilpauk maintains a balance between prices and upscale amenities
Hyderabad: Rs 20L home is still a possibility!
Kothapet realty rises
Chembur gains prominence among homebuyers
Patna: Rs 36L flat costs Rs 64L in just 5 years
Hyderabad: 4-km travel can save Rs 10 lakh on 2BHK units
Mumbai: 3BHK flat fetches starting rent of Rs 70k in Santa Cruz (E)
Bangalore Metro Areas for Low Cost Housing

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