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Axis Bank home loan interest rates reduced by 0.10%
Posted on Oct 21, 2014
Axis Bank the third largest private sector lender of India, reduced its base rate by 10 basis points (bps) to 10.15 per cent on the back of a decline in cost of funds, leading reduction of 0.10 per cent on home loan rates and auto loan interest rates. This is a good news for home buyers for this festival season.

Sidharth Rath, president for Treasury, Business Banking and Capital markets at Axis Bank, said, “The bank has reduced the base rate by 10 bps as the cost of fund has eased due to softening of interest rates based on improving liquidity and other macroeconomic developments.”

Reserve Bank of India has kept its key policy rate unchanged for the last four policy reviews , and has signed that it would refrain from cutting interest rates until it is confident consumer inflation can be reduced to a target of 6 percent by January 2016.

The base rate of large lenders such as State Bank of India, ICICI Bank and HDFC Bank is 10 per cent, while that of most public-sector banks is 10.25 per cent.


Is Kurla-Ghatkopar stretch ideal for investors?
Posted on Oct 21, 2014
Close to office, next to market place and easy on your pocket!! Do you want your investment to fulfill all parameters of being an ideal abode? Here is a possible opportunity for you-Ever since the four major transit infrastructures – Eastern Freeway, Metro Rail VAG Line, Santacruz-Chembur Link Road and Monorail Phase 1 became operational, the time ...

Bellandur properties see maximum price rise
Posted on Oct 21, 2014
Have you invested in a property in Bellandur? If so, you have reason to cheer! According to PropIndex (Jul-Sep 2014), the India Apartment Index report published quarterly by Magicbricks, Bellandur reported the highest increase in property values, at 7 per cent in comparison to the last quarter where Bellandur saw a drop of 2 per cent. The increase ...

Axis Bank cuts base rate
Posted on Oct 21, 2014
Axis Bank today cut the base rate by 10 basis points, thereby lowering the minimum lending rate by 0.1 per cent to 10.15 per cent.The new rates, to be applicable from October 15, will bring cheer to both existing and new borrowers as interests on home loans are linked to the base rate.This is the first reduction in the benchmark rate by a bank in a ...

Global companies shifting to Pune may boost realty
Posted on Oct 21, 2014
Ravi Kirloskar, a banker working in the Bandra Kurla Complex, Mumbai, gets to know that in the near future he might have to move to Pune. His search for a rental accommodation in Pune has already started…Pune, so far home to many migrant employees from elsewhere in India, comes up with great news for the real estate! Many reputed financial players ...

Majority of localities in Pune witness a rise in rental values
Posted on Oct 21, 2014
The growth of IT establishments and influx of skilled workforce from across the globe have changed the dynamics of Pune residential rental property market. The city, well known as the Oxford of the East for being the educational hub, is slowly giving way to IT establishments, MNCs and manufacturing units.As per Magicbricks data, majority of localit ...

Ahmedabad localities gain more on rental
Posted on Oct 21, 2014
Over 80 per cent localities in Ahmedabad witnessed a rise in the average rental values unlike the trend in capital value, as per PropIndex (Jul-Sept 2014.), the India Apartment Index by Magicbricks. When compared to last years average rental values in the city, there is a significant rise this year.“In the past one year, Ahmedabad has witnessed st ...

Charges other than interest cost associated with home loans
Posted on Oct 20, 2014
In August, lending institutions, such as State Bank of India (SBI) and Housing Development Finance Corp. Ltd, lowered home loan interest rates marginally for new borrowers. But that is not the only cost that you incur. With regards to a home loan, along with the interest cost there are few other charges as well. Processing charge This is paid along ...

Dewan Housing Finance Corporation Ltd offers Diwali special home loan fee rates in different slabs
Posted on Oct 20, 2014
NEW DELHI: Dewan Housing Finance Corporation Ltd (DHFL) has launched consumer friendly home loan fee structure in various brackets for salaried people ahead of Diwali.The company will offer loans up to Rs 30 lakh with Rs 5,000 fee added with document charges; loans between Rs 30-75 lakh at feee of Rs 10,000 (plus document charges) and for loans abo ...

Hyderabad v/s Secunderabad: Where to invest?
Posted on Oct 20, 2014
Are you mulling over the idea of investing in property either in Secunderabad or Hyderabad and are not able to choose one? Here is an insight:Buying a property or investing in one is a tough decision. This includes location of interest, scope of price appreciation, based on buyers requirements and reasons. Few buy properties in growing areas, whil ...

Bangalore Become the Most Favorite Property Investment Destination for NRIs
Posted on Oct 20, 2014
Bangalore : Now a day, the real estate market in the Bangalore city is propped up by investments from NRIs as it has turned into a standout amongst the most favorite investment destinations. Recent report by ASSOCHAM (Associated Chambers of Commerce and Industry in India) revealed that “Bangalore is in the foremost position as a favorite property ...

Home loan rates likely to soften
Posted on Oct 20, 2014
Property prices in real terms–after adjusting for inflation–are coming down, RBIs governor Raghuram Rajan said.“The value of real estate should increase in a growing economy , but the housing data suggests that with inflation rate at 7-8%, prices are coming down in real terms and becoming more affordable as wages are going up,“ Rajan said.Despite ...

Pick your home in just Rs 15 lakh
Posted on Oct 20, 2014
Do you have a limited budget to spend on your first home? Localities along the GST Road in Chennai offer options that can easily fit your bill!!As commercial activities have gained momentum along the Grand Southern Trunk (GST) Road, areas lying across this stretch have become an affordable housing hub for professionals employed nearby.“Nearly 3 mil ...

6 reasons why Andhraites keen to invest in Hyderabad
Posted on Oct 20, 2014
Six months back, investors from Andhra Pradesh were sceptical about putting their money in Hyderabad realty. The volatile political scenario, low buyer interest, the reasons were many. But, today, the scenario is different. Investors from Andhra Pradesh are keen on investing in properties in Hyderabad. Here is why -Well-equipped infrastructure and ...

Tips to Remember When Buying a Luxury Property
Posted on Oct 20, 2014
Bangalore : Owning a property which suits to your lifestyle will gives you a certain kind of high and is also engrossing a certain element of risk. As per the report, due to the depreciation of Rupee there is a growth in Luxury housing segment. The luxury housing is not only restricted for metropolitan cities or other big cities, there is a launch ...

Four reasons why Bhiwandi attracts end-users
Posted on Oct 18, 2014
MumbaiBhiwandi has emerged as one of those residential localities beyond Thane that banked upon its affordability tag.With extensive industrial development and employment opportunities coming up, the area has so far been successful in attracting developers and investors but is still struggling when it comes to end-users. However, now, Bhiwandi is e ...

Demand increases for residential houses in Vadodara
Posted on Oct 18, 2014
Demand for residential houses has risen by 9 per cent in the Jul-Sep 2014 quarter which had dropped by 3 per cent in the Apr-Jun 2014 quarter, as per the data available with Magicbricks. About 29 per cent buyers were looking for residential houses in the Jan-Mar 2014 quarter, which dipped to 26 per cent in Apr-Jun 2014 quarter. However, in the Jul- ...

Parel: Live near South Mumbai at affordable rents
Posted on Oct 18, 2014
Looking for pocket-friendly rented accommodation close to South Mumbai? Check out options in Parel as rental values have just got affordable here.People wanting access the business districts in South Mumbai and Lower Parel need not pay high rents in Worli, Prabhadevi or the island city anymore. Parel offers an affordable alternative to rent seekers ...

Where should NRIs look for rental returns in Pune
Posted on Oct 18, 2014
NRI investors seeking properties in Pune are looking for long term rental returns. Localities such as Viman Nagar, Kalyani Nagar and Magarpatta may interest them. Why? Lets find out!“I am an NRI and I want to invest in a property in Pune. However, I am looking for rental returns. Please suggest some locations,” says Roshan Wadia, a user on Open Ho ...

6.99% interest on home loans on all properties at Ensaara Metropark
Posted on Oct 18, 2014
Luxora Infrastructure today announced an agreement with HDFC to provide home loans at a special rate of 6.99% per annum. The rate, which is available for a limited period only, is exclusive to Ensaara Metropark. Ensaara latest offer will help reduce the overall cost of home ownership by reducing the buyers home loan interest burden to 6.99%, as co ...




Recent Articles
Axis Bank home loan interest rates reduced by 0.10%
Is Kurla-Ghatkopar stretch ideal for investors?
Bellandur properties see maximum price rise
Axis Bank cuts base rate
Global companies shifting to Pune may boost realty
Majority of localities in Pune witness a rise in rental values
Ahmedabad localities gain more on rental
Charges other than interest cost associated with home loans
Dewan Housing Finance Corporation Ltd offers Diwali special home loan fee rates in different slabs
Hyderabad v/s Secunderabad: Where to invest?

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