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For the first time in four-and-half-years, the Reserve Bank of India (RBI) on June 6 raised repo rate by 25 basis points to 6.25 per cent on inflation concerns. The hike by the central bank means bank would start increasing interest rates soon, making the cost of availing of home loan costlier for homebuyers.
Homebuyers will now be recognised as “financial creditors” under the insolvency law, with President Ram Nath Kovind giving his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, on June 6. The ordinance was approved by the Cabinet on May 23.
Personal finance resource website GoBankingRates has released a list of 25 best countries that make for a healthy investment in terms of rental returns. The calculations also take into account the effective rental tax rate. Assuming your rental returns is $1,500, know which countries are best for you in case you are looking at more than just a local real estate portfolio.
Here is all you need to know about Mhada Lottery 2018.
The affordable housing segment will get a boost with the Reserve Bank of India on June 6 raising the loan limits under priority sector lending. The RBI has decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.
