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Bajaj Finance housing arm aims to give Rs 2Kcr home loans in FY16
Posted on Sep 25, 2014
Non-banking financial services player Bajaj Finance, which is gearing to launch a dedicated housing finance subsidiary next fiscal, aims to disburse up to Rs 2,000 crore in home loans to the affluent class in FY16, a top official said. Company will be target the affluent and super affluent sections of society for its home loans business and focus on the self-employed category. The company will be target the affluent and super affluent sections of society for its home loans business and focus on the self-employed category. A typical loan to the self-employed would be between Rs 1.2 crore and Rs 1.3 crore, while a loan to a salaried person would be between Rs 75 lakh and Rs 80 lakh, Pune-headquartered company announced its plans to spin off a separate subsidiary for its home finance business, to take advantage of certain benefits which accrue to a dedicated housing finance company. Bajaj Finance already has a mortgage book and such loans constitute around 40% of its book at present.

Source: http://www.business-standard.com/article/pti-stories/bajaj-fin-housing-arm-aims-to-give-rs-2kcr-home-loans-in-fy16-114092100175_1.html

ORR Phase-I to be a boon for Poonamallee realty
Posted on Sep 25, 2014
The recent opening of the first phase of the ORR has enhanced the connectivity of Poonamallee to various commercial hubs such as Oragadam, Sriperumbdur, Ennore and Mahindra World City, the IT Park. The project has been a dream project of the city and is expected to a have a huge impact on the real estate development in Chennai, both residential as ...
Source: Sruthi Kailas, Magicbricks.com Bureau

Bangalore Real Estate Market Driven the 1 Bhk Apartment
Posted on Sep 25, 2014
Bangalore : Prominent realty players are currently focusing a lot of on one-bedroom flat because the demand for such residences are catching up once more in urban center. Earlier, one-bedroom residences were found solely on areas like Madivala and Mathikere. The demand for one BHK residences has been augmented within the April-June quarter as compa ...
Source: http://www.siliconindia.com/realestate/news/Bangalore-Real-Estate-Market-Driven-the-1-Bhk-Apartment-nid-172834.html

The Vital Points To Check Before Buying A Home Loan
Posted on Sep 25, 2014
BANGALORE: If you are planning to apply for a home loan, then you should know that there are many important things that you need to consider. Not only is it important to get the home loan from a genuine and reputable lender, but it is also advisable that you apply for a loan amount which will not burden your current financial situation. Applying fo ...
Source: http://www.siliconindia.com/finance/news/the-vital-points-to-check-before-buying-a-home-loannid-172964.html/3

Loan rates ease amid competition
Posted on Sep 25, 2014
CHENNAI: According to top banks and NBFCs, since April this year competitive pressure has prompted home and auto financiers to offer aggressive promotional schemes at rates that are lower by anywhere between 20-50 bps (basis points). What's more, with the festive season rolling in, banks and NBFCs may prune rates by another 10-20 bps, say sources. ...
Source: http://timesofindia.indiatimes.com/business/india-business/Loan-rates-ease-amid-competition/articleshow/43177078.cms

Society or private developer flat: Things to know
Posted on Sep 25, 2014
While investing in a new and developing area in Delhi seems ideal for investors, one must practice caution before making a final decision. Options are available in both Group Housing Societies and projects offered by private developers in areas developed by Delhi Development Authority (DDA). With everyone talking about construction of high rises an ...
Source: Pushpa Rawat, Magicbricks.com Bureau

Malabar Hill: Dim lit streets, still most expensive
Posted on Sep 25, 2014
The properties on Malabar Hills LD Ruparel Marg have highest rental value ranging up to Rs 15 lakh, but it is one of the dimmest lit areas of Mumbai, reveals Brihanmumbai Municipal Corporation (BMC) survey. The lighting issue is making home seekers above 65 years of age, to consider other stretches because of convenience and comfort. Most common a ...
Source: Surbhi Gupta, Magicbricks.com Bureau

DDA increases prices of 41 flats in its housing scheme
Posted on Sep 25, 2014
Recently Delhi Development Authority (DDA) launched its biggest housing scheme of 25, 034 flats, it is just been twenty days of launch and now they have revised the prices of some flats have been wrongly printed in the scheme brochure. Now in the middle of the lottery application process DDA through a public notice announced a revision in the rates ...
Source: http://accommodationtimes.com/index.php/dda-increases-prices-of-41-flats-in-its-housing-scheme/?utm_source=feedburner&utm_medium=email&utm_campaign=Fe

Marginal price rise cheers real estate industry in Mumbai
Posted on Sep 24, 2014
The residential property prices in Mumbai have started moving up, thus, silencing the critics. As per the statistics, the residential prices in the city have seen a marginal increase of two per cent in the first quarter of 2014 ended March, as compared to the fourth quarter of 2013 ended December last year. Certain localities in Mumbai have shown s ...
Source: Times Property, The Times of India, Mumbai

Investing In Pune Luxury Homes
Posted on Sep 24, 2014
The investment potential for residential properties in the financial capital of Mumbai remained largely flat and unexciting. Most serious property investors in Mumbai who chose residential property are now content to exit with moderate profits. Pune, on the other hand, showed an almost uniform appreciation of 14-16% in property prices. That Pune ha ...
Source: http://accommodationtimes.com/index.php/investing-in-pune-luxury-homes/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+AccommodationTimes

Greater Noida West best for affordable houses
Posted on Sep 24, 2014
Greater Noida West, earlier known as Noida Extension, is the hub of affordable housing in the real estate market of the Delhi NCR. With the kind of development taking place here, property prices have appreciated by more than 15% in the past one year. The future of this area is bright and buyers have already started reaping benefits in terms of appr ...
Source: http://economictimes.indiatimes.com/greater-noida-west-best-for-affordable-houses/articleshow/42883295.cms

Nashik property showcase at Thane
Posted on Sep 24, 2014
The Nashik-Pune-Mumbai triangle has evolved over the years with enhanced connectivity providing a much-needed impetus to inter-connected development and real estate growth. Nashik has also become an established hub for education and wine tourism, making it more attractive to home buyers from Mumbai in recent years. Confederation of Real Estate Deve ...
Source: http://www.dnaindia.com/mumbai/report-nashik-property-showcase-at-thane-2019685

Property values in Kanjurmarg East records highest increase
Posted on Sep 24, 2014
The real estate landscape of Kanjurmarg east in Mumbai, has shown some interesting trends. The property prices in the locality have increased by 21 per cent in the last one year. While in the April-June 2013 quarter the property prices were Rs 12,000 per sq ft, in the April-June 2014 quarter, it stood at Rs 14,700 per sq ft. The major reason for th ...
Source: Times Property, Mumbai/MagicBricks.com Bureau

Velachery retains top slot as preferred rental locality
Posted on Sep 24, 2014
Velachery, located close to IIT Madras continues to top the list of most preferred rental locations of Chennai. In fact in the quarter Jan-Mar 2014 the area witnessed a drop in rental values by a phenomenal 23 per cent for multi-storey apartments. The rental values picked up slightly by a mere six per cent. The average rental for a 2BHK is approxim ...
Source: Kanchana Dwarakanath, Magicbricks.com Bureau

Current Mortgage Interest Rates Quoted by US Bank Corp on September 17, 2014
Posted on Sep 24, 2014
The benchmark 30 year fixed mortgage interest rates didnt experience any pleasant or unpleasant movement on September 17, 2014. The customers, who are interested in securing ideal home purchase or refinancing home loan deals from US Bank Corp today, will find no change in the fixed and flexible home loan rates as compared to the yesterdays figure ...
Source: http://www.morningledger.com/current-mortgage-interest-rates-quoted-by-us-bank-corp-on-september-17-2014/138027/

Commercial real estate: The perfect choice for investment
Posted on Sep 24, 2014
Bangalore - Investment in real estate is considered to be the best form of investment for any asset. The returns are highest and it is an asset which cannot be stolen. With this view, Indian market has always been driven to buy property more than invest in deposits, gold or any other form. The Indian mind set of investment in real estate has been i ...
Source: http://economictimes.indiatimes.com/commercial-real-estate-the-perfect-choice-for-investment/articleshow/42790252.cms

Canít afford to rent a flat in HITEC City? Try Srinagar Colony
Posted on Sep 23, 2014
Hitec City was just beyond his reach. Thats when he looked further and decided to rent in Srinagar Colony, located within 20 minutes drive from Hitec City. The area is offering 2BHK units on rent within a range of Rs 10,000-15,000 per month, located in the western part of Hyderabad, Srinagar Colony. Srinagar Colony is a premium suburban neighbourh ...
Source: Neha Nagpal, Magicbricks.com Bureau

Rental values stabilise in Juhu
Posted on Sep 23, 2014
Tenants living on rent in Juhu can heave a sigh of relief. The area has seen no rise in rental values from the last six months. It is the low demand which impacts the rental market. The graph of rental growth corresponds to growth of capital appreciation in the localitys real estate market. Therefore, in premium localities like Juhu, where capital ...
Source: Times Property, Mumbai/MagicBricks.com Bureau

Noida: 2BHK ready apartments start from Rs 42 lakh
Posted on Sep 23, 2014
The city has more number of projects at the under-construction stage, there are a few pockets where properties are complete and ready for occupancy, with all modern facilities and amenities. Delay in completion of projects and increase in the number of litigation issues has pushed demand for projects offering properties in the ready-to-move-in stag ...
Source: Rishab Jain, Magicbricks.com Bureau

Canít afford Uppal? Try Boduppal
Posted on Sep 23, 2014
Uppal offers bungalows at a starting price of about Rs 40 lakh, a same size unit is available for about Rs 25 lakh in Boduppal. This price difference is attracting buyers from different earning segments including those working in the IT corridor of Gachibowli, government employees and small businessmen. A standalone residential house of 150 sq yard ...
Source: Times Property, Hyderabad/MagicBricks.com Bureau

Recent Articles
Bajaj Finance housing arm aims to give Rs 2Kcr home loans in FY16
ORR Phase-I to be a boon for Poonamallee realty
Bangalore Real Estate Market Driven the 1 Bhk Apartment
The Vital Points To Check Before Buying A Home Loan
Loan rates ease amid competition
Society or private developer flat: Things to know
Malabar Hill: Dim lit streets, still most expensive
DDA increases prices of 41 flats in its housing scheme
Marginal price rise cheers real estate industry in Mumbai
Investing In Pune Luxury Homes

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