404 ERROR PAGE India Real Estate News
News By City
Ahmedabad (328)
Amritsar (29)
Baroda (24)
Bengaluru (958)
Bhiwadi (1)
Bhubaneshwar (1)
Chandigarh (95)
Chennai (747)
Coimbatore (93)
Dehradun (1)
Delhi NCR (1090)
Delhi-Faridabad (1)
Delhi-Ghaziabad (91)
Delhi-Greater Noida (3)
Delhi-Gurgaon (487)
Delhi-Noida (426)
Goa (83)
Guwahati (2)
Hubli (1)
Hyderabad (510)
Jamnagar (1)
Kochi (70)
Kolkata (347)
Lucknow (1)
Mangalore (1)
Mumbai (1677)
Mumbai Navi (152)
Mumbai-Thane-Kalyan-beyond (2)
Mysore (1)
Nagpur (71)
Pune (586)
Surat (2)
Thiruvananthapuram (8)
Udaipur (7)
Visakhapatnam (25)

News By Category
Architects/ Designers (39)
Builders/ Developers (3962)
Building materials (20)
Commercial Properties (410)
Debts (1)
FDI (191)
Hotels and resorts (404)
Investors/ Investment proposal (306)
IT/ITeS (147)
Land/plots (151)
Malls/Retail (380)
New projects (3252)
NRI Center (98)
Price Trends (535)
Property insurance (3)
Property loans/ Home loans (681)
Real Estate services (48)
Real Estate Tips (186)
Regulations/ Legal aspects (426)
Residential Properties (66)
Service apartments (231)
SEZ (196)
State Bank of India (SBI) (1)
Tiles, Ceramics And Bricks (1)
Vaastu / Fengshui (7)
Venture funding / P.E (238)

The Page you are looking for has been removed. You can continue with your search from here.
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 Corporation.

"The regulator and the government are incentivizing lending to the infrastructure segment. Since we have been beneficiaries of this incentive on the bond side, we are passing it on to borrowers of affordable housing," said Jairam Sridharan, president (retail lending & payments), Axis Bank.

The Reserve Bank of India's (RBI's) definition of infrastructure funding includes affordable housing which, in turn, is defined as loans in metros of up to Rs 50 lakh for properties worth Rs 65 lakh, and loans outside metros of up to Rs 40 lakh for Rs 50-lakh properties.

The fixed rate home loans are a limited period offer that will be available until end-March 2015, following which the bank will take a decision on extending the scheme. "In India, over 95% of home loan borrowers prefer floating rates. Some of the more affluent customers may take a deliberate view on interest rate markets, but buyers of affordable homes have fixed budgets and look for stability and predictability in their EMIs," said Sridharan.

He added that even experts find it difficult to forecast interest rate changes, which have fluctuated by 400 basis points in the last five years. The downside in a fixed rate home loan is that any prepayment will incur charges of 2% of the amount pre-paid. Axis Bank has a home loan book of Rs 48,000 crore, which is the largest chunk of its retail lending.

Under the product, Axis Bank will offer home loans to both salaried as well as self-employed individuals. For salaried customers, the fixed rate of 10.40% is available on all home loan offerings including balance transfer schemes. For the self-employed, the loan is available at interest rates starting from 10.65%.

Although this loan product is out of bounds for those seeking to purchase a house in the metros within city limits due to the caps on affordable housing, Axis Bank sees a large potential in projects that are coming up on the outskirts of most metros including Delhi, Mumbai and Bangalore.

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 ...

Apartment rentals dip 30% in South Mumbai, South Delhi and Gurgaon
Posted on Dec 08, 2014
Apartment rentals in south Mumbai, south Delhi and Gurgaon have fallen by 20-30% in the last one year, according to property consultants. Property brokers say a slowdown in the job market and commercial office space leasing over the last two years have put rentals in check. Compounding the problem is a rise in supply of apartments and homes in many ...

6 facts you should know about joint home loan
Posted on Dec 08, 2014
Home buying is both an overwhelming and a satisfying decision. It is enabled by home loans in most cases, unlike earlier days where people used to save money for years before they bought a home. Your home loan eligibility can go up substantially if it is a joint home loan, which might help you in buying a bigger or better house. We tell you all you ...

Is desperation driving realty prices upwards?
Posted on Dec 08, 2014
Mumbai-based professional Nidhi Sharma and her husband lived in a small sea-facing studio apartment in Versova. When they decided to plan their family, they felt the need of a bigger and better home, preferably close to their office which was in Andheri East. They zeroed on a budget of Rs 1.5 crore. At the same time, they were desperate about the l ...

Tata Value Homes ties up with realty portal Housing.com to sell flats online
Posted on Dec 08, 2014
Tata Value Homes, a subsidiary of Tata Housing, has tied up with realty portal Housing.com to sell homes online. The partnership will allow customers of Tata Value Homes to use Housing.com's 3D rendering platform 'Slice View' to check the properties offered by the former. Tata Value Homes has listed its four projects in three cities, including Beng ...

Best time to Purchase
Posted on Dec 08, 2014
This is the best time to purchase real estate and invest since the real estate ave seen a bottom of the market rates as compared to 2007 level. Rates are lowest ever and not likely to go down further. Though supply is eighteen times of demand and lot of finish products are in market especially in Pune, Navi Mumbai and Kandivali and Borivali area. T ...

Raheja Developers offers affordable homes
Posted on Dec 08, 2014
Krishna Affordable Housing Scheme by Raheja Developers under the affordable housing policy of Govt of Haryana launched in Sector 14, Sohna, located close to the Sohna – Gurgaon road, approximately 12 kms from Gurgaon. It is a group housing project spread across 10 acres & shall be having 4 towers with escalators ( All the towers are of G+12 flo ...

SBI provides home loan
Posted on Nov 27, 2014
GUWAHATI, Nov 23 – The Assam Real Estate & Infrastructure Development Association (AREIDA) in association with State Bank of India (SBI), the largest bank in the country, is organising a home loan fair under the banner “Areida Realty Summit-2014” at Hotel Brahmaputra Ashok, here a press release stated.Ajanta Neog, Minister of PWD, who was the c ...

Recent Articles
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
Is it Right Time to Buy a Property in Bangalore?
Second-hand homes in demand
Pune: First choice for second homes
Why you should invest on Hosur Road?
Where to invest? Residential or commercial property
Hyderabad - Best Affordable City to Buy or Rent
How to ensure good returns on your investment?

Copyright © 2011-2014 India-real-estate-news.com. All rights reserved.