Real Estate Finance

Why Indians do not like to reverse mortgage property

Written by Jayanta Thursday, 05 June 2014

( 0 Votes )A reverse mortgage is a special type of loan against a home that allows the borrower to convert a portion of the equity in the property into cash. The equity built up over many years of home loan payments can be paid directly to the borrower. However, unlike a traditional home equity loan no repayment is required until the borrower(s) cease to use...

REITs can bring change in Indian real estate market

Written by Jayanta Monday, 14 April 2014

( 1 Vote )It’s generally presumed that bringing in a regulation is the only solution to correct the real estate market in the country. While it is important to bring in a regulation, it is equally important that the market has the right kind of financial tools linked with real estate offerings. Developed real estate markets around the world that are c...

RBI to banks: Follow norms on sale/ purchase of real estate overseas

Written by Jayanta Monday, 14 April 2014

( 0 Votes )Mumbai: The Reserve Bank of India on Thursday said banks should ensure that all future transactions relating to purchase/sale of real estate as well as acquiring /letting out property on lease/rental basis at overseas centres are undertaken in accordance with the board-approved policy. This directive has been issued after it came to the central...

Buy your first home by March 31

Written by Jayanta Friday, 21 February 2014

( 0 Votes )NEW DELHI: Those planning to buy their first house should rush and complete the formalities by March 31 to avail of the additional tax benefit against the interest paid on a home loan. That’s because an exemption available to taxpayers will lapse in the current financial year which enables them to reduce the interest paid from the taxable...

Written by Jayanta Tuesday, 18 February 2014

( 0 Votes )Some financial institutions are now offering special home loan rates for women. A look at this trend… Since late 2013, several home financiers like State Bank of India and LIC Housing Finance have promoted time-bound schemes to lure the woman borrower with discounted loan rates for home purchases. Some shaved off 5 basis points or 0.05% from their...

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