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Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the repo and reverse repo rate [...]

April 6, 2022 Loknath Das Technology Comments Off on Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

Banks continue to make commercial real estate loans tougher to get: Fed survey

Banks continue to make commercial real estate loans tougher to get: Fed survey

Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday. The Fed survey of senior loan officers of 69 domestic banks and 21 foreign banks found standards were tightened on all types of commercial real estate loans. A large fraction of banks [...]

November 7, 2016 Saheli Real Estate Comments Off on Banks continue to make commercial real estate loans tougher to get: Fed survey

India’s UB Group denies Kingfisher loans funded offshore property

India’s UB Group denies Kingfisher loans funded offshore property

Embattled Indian tycoon Vijay Mallya’s UB Group has denied allegations that it used 4.3 billion rupees ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas. Mallya, a liquor baron and lawmaker, has been at an unknown location since March 2 after Kingfisher’s creditors stepped up pressure to recover the $1.4 billion [...]

April 18, 2016 Saheli Business Comments Off on India’s UB Group denies Kingfisher loans funded offshore property

Local Bank Attracts First-Time Home Buyers With a Simple Perk: 1% Student Loans

Local Bank Attracts First-Time Home Buyers With a Simple Perk: 1% Student Loans

For young people looking to buy their first homes, there’s a big obstacle: student loan debt. It’s not holding back everyone, but debt obligations have a huge impact on the mortgage approval process, not to mention the ability to save for a down payment and other home-buying costs. One bank decided it would shake up [...]

March 31, 2016 Saheli Real Estate Comments Off on Local Bank Attracts First-Time Home Buyers With a Simple Perk: 1% Student Loans