FAQs on Housing Finance

By Accommodation Times Bureau Q-1 What are Income tax benefits of taking and repaying a housing loan under EMI Plan? You will be eligible to claim both the interest and principal components of your repayment during the year. • Interest can be claimed as a deduction under Section 24. You can claim up to Rs. 150,000 or the actual interest repaid whichever More...

by Staff Reporter | Published 3 years ago
By Staff Reporter On Wednesday, April 18th, 2012
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MCHI-CREDAI hails RBI rate cut

By Accommodation Times Bureau MUMBAI: Welcoming the RBI decision to cut repo rate by 50 basis points, the real estate developer community has expressed the hope that the benefit will be passed on to the consumers. MCHI-CREDAI More...

By Staff Reporter On Monday, April 16th, 2012
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Housing finance will be cheaper in Q1 as RBI cuts rate

By Accommodation Times Bureau Mumbai: In the first quarter of 2012 home loans are likely to come down as Reserve Bank of India on Tuesday cuts its benchmark rates, this move is widely expected by banks. Majority More...

By Staff Reporter On Wednesday, March 28th, 2012
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Relief for home loan borrowers can shuffle to floating rates scheme, SBI

By Accommodation Times Bureau The country’s biggest money lender State Bank of India has given an option to its existing home loan borrowers. The customers those are on the prime lending rate can shuffle their More...

By Staff Reporter On Saturday, March 24th, 2012
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Festival special home loan schemes still continue

By Accommodation Times Bureau In the festival season housing finance companies have started the home loan schemes, but still haven’t withdrawn with those schemes such as fixed-cum-floating rate home loan due More...

By Staff Reporter On Saturday, March 10th, 2012
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Cut in CRR greeted by realty sector

By Accommodation Times Bureau Reserve Bank of India’s decision to cut in Cash Reserve Ratio (CRR) realty sector has warm welcomed it. The move will help to get better the liquidity position of all sectors including More...

By Staff Reporter On Friday, March 9th, 2012
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Property prices increased in Q4-2011: NHB

By Accommodation Times Bureau According to the NHB reports revealed that property prices increased in the 4th Q of the last fiscal year, particularly Mumbai and Kolkata have witnessed of price correction of 0.5%— More...

Abhay Kumar - MD, Reddvise
By Staff Reporter On Thursday, February 23rd, 2012
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HFCs have to coordinate with developers and bring unique combo offers

By Accommodation Times (www.accommodationtimes.com) Mr. Abhay Kumar Co-founder Abhay Kumar, is the Cofounder and Managing Director of Reddvise. Abhay is an Engineer and an MBA from Symbiosis. Prior to his entrepreneurial More...

By Staff Reporter On Tuesday, February 21st, 2012
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Apex bank’s new home loan norms moistener

By Accommodation Times (www.accommodationtimes.com) Buying a home in India is gradually going difficult in the current scenario. As Reserve Bank of India (RBI) new norms is dampener for home loan seekers. According More...

By Staff Reporter On Wednesday, February 8th, 2012
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RBI resists to lenders for overstating house values for loans

By Accommodation Times (www.accommodationtimes.com) Mumbai: Today Reserve Bank of India has restricted to lenders from several false practices by saying, “several banks have been overvaluing the price of houses More...

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