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Housing Development Finance Corporation Limited, more popularly known as HDFC Bank Ltd, was established in the year 1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India (RBI). It was one of the first banks to receive an ‘in principle’ approval from RBI, for setting up a bank in the private sector. The bank was incorporated with the name ‘HDFC Bank Limited’, with its registered office in Mumbai. The following year, it started its operations as a Scheduled Commercial Bank. Today, the bank boasts of as many as 1412 branches and over 3275 ATMs across India

Home Loan Interest Rate Table

The above home loan interest rate table is just a ready reckoner. To compute the interest based on various criteria like occupation whether your are a salaried or self employed, tenure, city, loan amount, monthly income. For more information click here http://www.apnaloan.com/home-loan-india/rates.html

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. Read Full Article http://content.magicbricks.com/quick-tip-hdfc-teaser-rates-ideal-for-pre-payment-planners

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

Realty sector builds hopes  on tax sops, industry status

It’s a given fact that India will be facing a shortage of about 26.53 million houses by 2012, there appears to be a consensus that the sector needs to be given some special attention in order to make it capable to cater to the demand. Pitching for the industry tag, real estate experts are talking about the increase and decrease in GDP rates, income tax exemptions, and say this is the recognition of the real estate industry.

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Low rates on home loans may end soon

The government has issued a special invitation to give 2% hike in the existing low interest rate home loans provided by the bankers. Indian Bank Association (IBA) had a review meeting with RBI regarding the hike in home loan given to their customers at a lower rate of interest – as low as 8%, which is much below their prime lending rates (PLR).

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Real estate: From survival to revival

Indian real estate may be geared up for the better times in 2010, recessionary condition of 2008-2009 has helped highlight problems/loopholes  marring the industry that remained hidden in the buoyant market.

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Homes on lower loan rates on offer

Addressing a media conference on “Fairpro 2010″ the third in the series of annual property fair of CREDAI-Tamil Nadu, Chairman of Fairpro 2010 Sandeep Metha said; “The interest subvention scheme will help home buyers to acquire properties at lower home loan rates starting from 5.99 per cent”.

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‘Demand-starved realty sector to get boost in 2010’

The year 2010 appears to have brought cheers to the demand-starved realty sector. With signs of economic recovery emerging in the country, the real estate sector has been predicted to see increased business activities. According to global real estate consultant Cushman & Wakefield, India cities would witness a strong-end user demand for commercial real estate in 2010.

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2010 to be a good year for realty, says CREDAI

Confederation of Real Estate Developers’ Associations of India (CREDAI) is hopeful of a positive year for the India real estate industry in 2010 and the market is expected to return to the 2007-08 level.

To read the detailed article click here.