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News Updates

25 Aug21

India sees 26% rise in home loans in January-June 2021

Housing loan borrowers are making the foremost of the present record-low rate of interest regime as indicated by a 42% on-year surge in demand for Balance Transfers (BT) and 26% rise for home loans within the half of 2021. Loan Against Property (LAP) during this period has also witnessed a 20% rise. The soaring demand is essentially attributed to the Reserve Bank of India’s decision to stay the repo rate unchanged at a continuing 4%. This has allowed many banks to supply home loans at

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18 Aug21

Women Home Buyers On The Rise

In the last few years, several initiatives were taken to help women be more financially independent and successful home-owners, from making it mandatory to have a woman co-owner when applying for a home via PMAY to offering additional stamp duty cuts in select states.  The efforts seem to be bearing fruit. According to a recent report by Knight Frank India, women home-buyers constituted 6.6 per cent of the total new home sales in Mumbai BMC region in April 2021. In May 2021, the number

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18 Aug21

19,000 buyers of Unitech flats to get possession in 4 years SC informed

In a big relief to more than 19,000 homebuyers who booked flats around a decade back in Unitech but still await possession, the Centre appointed board of directors told the Supreme Court on Tuesday that the real estate firm, which has been in a financial mess, is set to be revived and flats will be handed over in a phased manner in four years. The erstwhile management of the group, led by its promoter Sanjay Chandra, was removed by the apex court after it was found that a large amount of

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