PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Home Loans To Get Cheaper As RBI Eases Norms

Loading video...

Description

The Reserve Bank of India (RBI) has reduced the risk weightage on home loans above Rs 75 lakh to 50 per cent, from the earlier 75 per cent. This will make borrowing of big-ticket loans cheaper. However, announcing its Second Bi-monthly Monetary Policy on June 7, the RBI retained the repo rate at 6.25 per cent, and the reverse repo rate at 6 per cent.

***

The Maharashtra government has asked for the Centre’s assistance to fund the ongoing Metro and Monorail projects in Mumbai. There are eight Metro projects and one Monorail project lined up for the city. The state needs Rs 1.4 lakh crore to complete these projects, and wants the Centre to share 10-15 per cent of the expenditure.

***

UP Chief Minister Yogi Adityanath has approved link roads to Ayodhya and Varanasi from the proposed 354-km Purvanchal Expressway that will start from Lucknow and end in the east tip of UP in Ghazipur. The UP Public Works Department will build a Link road to Ayodhya from the E-way near Faizabad so that pilgrims can reach Ayodhya from Lucknow in less than a couple of hours.

***

The Haryana Urban Development Authority is trying to get additional land for the construction of the Central Peripheral Road (CPR), which will connect the Dwarka Expressway with the National Highway-8. As the proposed road is 3.2-km long and 90-metre wide, the development body is looking for an additional 30 metres of land all along the 3.2-km stretch to tweak the alignment.

Source: Media reports

Tags: repo rate, RBI, Video, Maharashtra, HUDA


#RealtyNewsRoundup: Real Estate Law Will Not Be Diluted: Yogi

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

April 28 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: RBI Allows Banks To Invest In REITs [Video]

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

April 08 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: RBI Cuts Repo Rate; Home Loans To Be Cheaper

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

August 03 2017

+ Click Here To Read This Article

This Time, Repo Rate Cut Should Make You Really Happy. Here Is Why

In its Third Bi-Monthly Monetary Policy Review on August 2, the Reserve Bank of India (RBI) reduced repo rate —the rate at which the Central bank lends to financial institutions—by 25 basis points (bps), to bring it down at six per cent, the lowest since November 2010. This could possibly be the best time for a buyer to invest in property.

August 03 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: Old MCD Quarters May Be Rebuilt

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

July 22 2017

+ Click Here To Read This Article

How To Make The Most Of The MCLR Regime

In the base rate regime, your bank may not have been quick enough to pass on the benefits of a cut in repo rate to you. In the MCLR regime, they would necessarily have to do it.

July 11 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: UP Govt Launches Anti-Land Mafia Portal

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

June 27 2017

+ Click Here To Read This Article

#WeeklyNewsRoundup: PMC Forms Special Environment Committee To Issue Certificates

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

June 10 2017

+ Click Here To Read This Article

Some of the promising micro-markets in Mumbai that offer 1BHK units are Vangani, Dombivali, Thane...

Let us look at the key factors that are helping Hyderabad and its real estate grow bigger day by...

According to a recent ruling by the Income Tax Appellate Tribunal, a taxpayer can invest capital...

Here are the day's stop news stories from the real estate sector.

The Goods And Services Taxes has clearned a proposal to charge a cess of 15 per cent on luxury cars...

The state Legislative Assembly has amended the Maharashtra Stamp Duty Act to increase the charges...

Expecting the arrival of an airport, real estate developers have invested heavily around Jewar....

As the completion date of the Southern Peripheral Road nears, PropGuide on how the new corridor...

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

PropGuide simplifies complex real estate jargons for you.

Prime lending rate is the interest rate at which banks lend to its most credit worthy...

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

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query Here


Top