PROPGUIDE − A Complete Property Guide

#RealtyNewsRoundUp: Bank Of Baroda To Offer Cheapest Home Loan

Loading video...


Bank of Baroda (BoB) has outdone market leader State Bank of India (SBI) in cutting rates on home loans, which it now offers at 8.35 per cent as against SBI’s 8.6 per cent. Historically, SBI has been the cheapest in the home loan business and its closest rivals offer loans around 5 basis points (bps) higher than the country’s largest bank. This is the first time a nationalised bank has undercut SBI. Meanwhile, Sundaram BNP Paribas Home Finance announced a cut in its interest rates for new home loans to 8.70 per cent from 9.20 per cent, effective from today.

Maharashtra government has approved extra floor space index (FSI) for redevelopment of mills chawls and dilapidated buildings. The decision will pave the way for redevelopment of 100-year-old Model Mill Chawl and encourage people residing in dilapidated structures to redevelop their homes.

Engineering and technology giant GE is setting up shop in Chennai. The Fairfield headquartered company will set up a back office and processing centre across 1.7 lakh square feet at Ramanujam IT Park in Taramani.

The Maharashtra government has decided to further divide the slum sprawl of Dharavi into smaller sectors to lure developers to come forward for the ambitious housing project. Four previous attempts to get bids for the project failed as not a single application was received.

Tags: home loan, interest rates, SBI, Video, Dharavi, Bank of Baroda, propguide, FSI In Maharashtra, GE Chennai Office

SBI, PNB, Citi India Slash Lending Rates, Affordable Homes To Get More Affordable

In his address to the nation on the New Year’s Eve, Prime Minister Narendra Modi urged banks to make lower-middle class and middle-class their areas of focus. PM’s speech has prompted several banks, including India’s largest lender SBI, to slash lending rates. The move is likely to give an added push to the affordable housing segment.

January 02 2017

+ Click Here To Read This Article

#RealtyNewsRoundUp: Japan To Develop Chennai And Varanasi As Smart Cities

Here are today’s top news stories from the real estate sector.

January 06 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: SBI Lowers Home Loan Interests Rates

Here’s today’s top news from the realty sector.

May 03 2016

+ Click Here To Read This Article

Is NCR Losing Out To Mumbai, Bengaluru, Pune?

The National Capital Region, for very long, has been the largest residential real estate market in India. But, is NCR losing out to Mumbai, Bengaluru and Pune?

November 10 2015

+ Click Here To Read This Article

Here Is How to Save More On Taxes

PropGuide lists some tips to save on taxes.

October 13 2015

+ Click Here To Read This Article

Why SBI's 40 Basis Point Cut In Base Rate May Bring Little Cheer to Home Buyers

PropGuide on why public lender State Bank of India's 40 basis point cut in base rate means little for home buyers.

October 05 2015

+ Click Here To Read This Article

A Guide For NRIs To Transfer Money To Buy Property In India

PropGuide look at the norms governing transfer of money to India and how NRIs should do it.

September 25 2015

+ Click Here To Read This Article

5 Things NRIs Should Know Before Investing In Indian Real Estate

Are you a non-resident Indian (NRI) planning to invest in Indian real estate? These are things you need to keep in mind before making an investment.

September 24 2015

+ Click Here To Read This Article

Here are today's top news stories from the real estate sector.

The Bloomberg Billionaires Index shows that the top 12 property developers in Hong Kong made more...

The Land Transformation Management System espoused by the Narendra Modi government is a significant...

One of the country’s largest contributors towards Gross Domestic Product (GDP) and employment...

The Akrama-Sakrama Scheme came into force in March 23, 2015. The owners now have an extended...

Union Urban Development Minister Venkaiah Naidu says India will soon have a more efficient parking...

Reports show authorities in Noida are mulling an exit policy for developers to surrender vacant...

Here is all you need to know about 'betterment fees'.

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

PropGuide simplifies complex real estate jargons for you.

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

Subscribe Now

To stay tuned with real estate updates


x +

Drop Your Query here