BFSI rides on AI push
Nearly 87% of financial services consumers begin their journey online, with two-thirds finding online channels more helpful for purchase decisions
home loans
September 2023
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February 2023
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October 2022
September 2022
August 2022
Release property docs in 30 days or face ₹5,000 fine per day: RBI to banks, NBFCs
RBI notification comes amid "divergent practices" by some regulated entities in releasing such movable or immovable property documents
Infographic: Rise in personal loans: Home loans back in focus
Housing loans account for more than 48% of personal loans for banks as of December 2022, as per the RBI data.
Real estate players see short-term adverse impact from RBI rate hike
ANAROCK chairman Anuj Puri says though 25 bps rate hike is along expected lines, repo rate at 6.5% could have some repercussions on housing uptake as home loan interest rates will head further north.
Budget 2023: Higher tax breaks, separate treatment for home loan principal needed, say realty experts
One of the key demands of the real estate sector is a separate section for the tax deduction on housing loan principal repayment, which is currently under Section 80C.
Budget 2023: Need to increase 80-C limit to ₹2.5 lakh, lower peak personal tax rate, says EY
EY India says govt is likely to focus on home loans, and concessional tax regime, and that rejigging of personal tax slabs looks unlikely.
Diwali festive offer: Check out which banks are offering discount rates on home loans
As an early gift to home buyers, the State Bank of India and HDFC bank are offering home loans at discounted rates of 8.40% as part of their festive offering.
Housing finance companies to concede market share to banks: CRISIL
HFCs are expected to continue losing home-loan market share to banks amid stiff competition.
Houses get dearer! Delhi NCR tops the chart
Delhi NCR saw the highest increase in residential real estate prices across India at 10% with an average carpet price of ₹7,434 per square feet in Q2 2022.
Home loan interest rates to edge higher after repo rate hike
This is the third consecutive rate hike and finally marks the end of the all-time best low-interest rates regime, says Anuj Puri of Anarock.
