Banks Unlikely To Hike Home Loan Rates In Near Term
Home borrowers may be able to breathe easy for now as most banks have said they are unlikely to raise interest rates in the immediate future. Reason for taking such decision is due to ample liquidity in the system. “There is an upward bias. However, if you raise rates, you may price yourself out of the market,” HDFC’s special scheme on home loans ends on April 30. For messages given by various corporate heads of banks, Read Full Article http://content.magicbricks.com/banks-unlikely-to-hike-home-loan-rates-in-near-term
Quick Tip : Keep In Mind Valuation Rules While Gifting Property
Gift of any property received by an individual or a Hindu Undivided Family ( HUF ) after October 1,2009,in excess of Rs 50,000 is subject to income tax at the hands of the recipient. Property means immovable property being land or building, shares…. Read Full Article http://content.magicbricks.com/quick-tip-keep-in-mind-valuation-rules-while-gifting-property
HDFC Teaser Rates Ideal For Pre-Payment Planners
HDFC has revived its teaser rate offer on home loans backed by its low cost of funds and increasing demand for the teaser rate product. Such teaser rates are ideal for borrowers who systematically prepay their home loans within the first 5-7 years. From July 1 this year, following the RBI diktat, banks will peg interest rates on various loans disbursed by them to their Base Rate instead of BPLR.
Real Estate Management Courses Launched
Considering the growing need for specialised real estate management education, IDS National Institute of Real Estate Management has launched two real estate courses. These courses are being offered as one year distance learning programmes, considering the time constraint of working professionals. NIREM has started accepting applications for both the programmes scheduled to start from May 2010. Read Full Article http://www.hindu.com/pp/2010/04/17/stories/2010041750150700.htm
Green Home At A Touch
You can now intelligently manage your home electrical appliances and systems through a single interface, cutting costs and saving energy. As home automation is ‘hi-tech’, it has the potential to be far more profitable than standard electrical wiring for a house. Studies show that dimming a light by just 10 per cent can save 10 per cent of electricity and double the life of the bulb. Read Full Article http://www.hindu.com/pp/2010/04/17/stories/2010041750090100.htm
Senior Citizens’ Homes Emerging As Serious Segment In Realty: JLLM
Indian real estate scene is witnessing the emergence of senior citizens’ homes as a new market segment. According to real estate market sources, the number of housing units being built specifically for seniors has increased four to five fold and the segment is on a growth path. Read Full Article http://content.magicbricks.com/senior-citizens-homes-emerging-as-a-serious-segment-of-real-estate-jllm
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