Even as housing loan growth slow,affordable housing yet a bright spot

By Accommodation Times Bureau Housing credit growth moderated to 16% in 2016-17 as against 19% in 2015-16, the affordable housing segment holds promise, according to rating agency ICRA report.The report said that lowering of interest rates and various government initiatives —Prime Minister Awas Yojana (PMAY), according infrastructure status, to boost affordable

National Housing Bank will Refinance Individual Housing Loans of about Rs. 20,000 Crore in 2017-18

By Accommodation Times Bureau The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits. The National Housing Bank (NHB) will refinance

Banks to pay for delay in closing of Housing Loan Account

Accommodation Times News Services Mumbai: A district consumer forum recently brought to book a bank that made a couple run from pillar to post after they had expressed their willingness to close their housing loan account before maturity. Stating that the complainants experienced financial losses due to an unreasonable and harsh

Recent Trends in Residential Property Prices in India: An exploration using housing loan data by RBI

By Accommodation Times News Services Central banks monitor developments in property prices in view of their prime objectives of price stability, financial stability and growth. The Reserve Bank of India initiated an information system on residential property prices, viz. ‘Residential Asset Price Monitoring System’, to track movements of residential property prices

Housing Loans to be disbursed according to construction stages : RBI

By Accommodation Times News Services RBI came heavily on Banks and NBFC for disbursing home loans under 75:25 and 80:20 schemes run in the country. On 8th Oct 2013, in its letter to banks and HFCs, RBI said that disbursement of home loan should be according to the construction stages and

NHB has set new guidelines for low- cost housing loans

By Accommodation News Services Cheap housing loans are now possible as housing finance companies are been accessed for overseas funding Affordable housing is the necessity of the hour, buyers are in search of their dream homes but, high prices restrict them to achieve their dream. But, know National Housing Bank (NHB) has

FAQs on Housing Loans

By Accommodation Times News Service Q 1. For what purposes can I seek a first time home loan? Ans. You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who