10 Steps to Ensure a Profitable Deal While Buying a Home

From January 5 to 7, 2024, CREDAI Ahmedabad will host the 18th GIHED Property Show. The Gujarat Chief Minister Bhupendra Patel and the Minister of State for Home Harsh Sanghvi will launch this important event.

Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

In today's fast-paced world, where aspirations often translate into multiple loans, effectively managing these debts is crucial.

India Shelter Finance Corporation (ISFC), based in Haryana, is planning to increase its capital by raising ₹800 crore through new shares and ₹400 crore by selling some shares currently held by its investors.

Axis Bank and Mahindra Lifespace Developers (MLDL), the Mahindra Group's infrastructure and real estate subsidiary, partnered. This agreement allows Mahindra Lifespaces customers to get house loans at 0.25% lower than usual rates.

The Reserve Bank of India's Monetary Policy Committee recently announced its decision to maintain the repo rate at 6.5%. This decision has garnered various reactions from the Indian real estate sector

The repo rate is now 4.40 percent, up 40 basis points from its previous level. As was the case before, this has induced panic in those who are looking to purchase homes or take out loans.

On April 22, 2022 the state-owned Bank of Baroda announced a temporary reduction in the interest rate on house loans to 6.50 percent per year from 6.75 percent per annum.

PCHFL, a wholly-owned subsidiary of Piramal Enterprises, has teamed with the India Mortgage Guarantee Corporation (IMGC) to provide cheap house loans backed by mortgage guarantees to salaried and self-employed consumers.

In recent years, home loans have become the first choice of many potential buyers when it comes to raising funds to buy their first home. This is a far cry from the earlier scenario when most buyers preferred to dip into their retirement funds or savings

Home loans are frequently rejected by banks for various reasons. Learn how to improve your chances.