User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Dec 16 2017 02:55 IST RSS 2.0
 
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Realty check: Buyers are sinking in negative equity 16.12.2017 DNA: Top News
More than two lakh property-buyers are facing 'negative equity' (when an asset's value plunges below the outstanding balance on the loan used to purchase that asset) due to delayed home projects in the National Capital Region (NCR). To most of them, these units had been sold with the promised of 'price protection', but prices are dropping so fast that the value of the 'dream home' is now lesser than the loan. Nishant (38), had bought a flat in 2013 at Godavari in Mahagunpuram society in Ghaziabad, but is still awaiting possession. He is one among the hundreds of buyers who are waiting for their "dream home'' from the last four years. The builder, Mahagun Group, has already collected 100 per cent of cost from him. His flat had cost about Rs 44 lakh, but is now worth just Rs 27 lakh due to price correction. Nishant told DNA: "It's been more than four years that I am paying home loan EMI and rent every month. The builder had promised us that we would be offered possession by last year, but that did not ...
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Russia probe: Deutsche Bank gets subpoena from Mueller on Trump accounts 5.12.2017 DNA: Urban Tales
A US federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday. Germany's largest bank received a subpoena from Special Counsel Robert Mueller several weeks ago to provide information on certain money and credit transactions, the person said, without giving details, adding key documents had been handed over in the meantime. Deutsche Bank, which has loaned the Trump organisation hundreds of millions of dollars for real estate ventures, said it would not comment on any of its clients. Mueller is investigating alleged Russian attempts to influence the election, and potential collusion by Trump aides. Russia has denied U.S. intelligence agencies' conclusion that it meddled in the campaign and Trump has said there was no collusion with Moscow. The German bank is one of the few major lenders that has lent large amounts to Trump in the past ...
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Credit offtake by firms recovers 5.12.2017 DNA: Popular News
Loans to large, micro- and small-scale industries are gradually picking up. Industrial credit for large companies has seen a turnaround as the GDP expands 6.3% in the second quarter of the financial year. The total outstanding bank loans up to October 27 stood at Rs 70,99,600 crore, growing at 5.9%, slower than the 6.4% reported in the same time last year. However the medium-scale industries are seeing a steep fall in the overall bank loan growth. Loans to these industries have decelerated 13.5% to Rs 94,000 crore from a deceleration of 3.5% in the same time last year. "A cyclical recovery and higher commodity prices should boost working capital needs, while the availability of growth capital after the recently-announced recapitalisation plan should also enable public sector banks to extend additional loans," Nomura said in a report. "The demand so far has been essentially driven by working capital and some short-term demand and, may be, a little bit of brownfield capex. But you have not had a meaningful ...
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Home loan at 4 per cent! Should you go in for it? 30.11.2017 Rediff: Top Stories (India)
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
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How Indian banks will change by 2025 24.11.2017 Rediff: Business
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
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Why you must not buy bundled home loan insurance 23.11.2017 Rediff: Business
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
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JPMorgan, Morgan Stanley cool off Indian realty 22.11.2017 Rediff: Business
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
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Magicbricks generates 40,000 buyers for properties worth Rs. 5,000Cr 16.11.2017 Sify Finance
[India], Nov 16 (ANI-NewsVoir): Signalling the revival of the customer sentiment, the third edition of Magicbricks Dream Homes Festival in association with ICICI Bank as the exclusive banking
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One year of demonetisation: Real estate bruised, but more resilient 9.11.2017 Sify Finance
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Mumbai's real estate industry replicates PM Modi's 'Housing for All' vision 8.11.2017 Sify Finance
[India], Nov 7 (ANI-NewsVoir): Mumbai witnessed the highest number of launches at over 19,400 new residential units till September 2017.
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China tightens controls on down payment financing for home buyers - Xinhua 3.11.2017 Sify Finance
By Yawen Chen and Kevin Yao
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National Australia Bank to slash headcount as profit breaks record 2.11.2017 Sify Finance
By Jonathan Barrett and Paulina Duran
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DNA Investigation: NCR builders used dummy buyers to get cheap bank loans 31.10.2017 DNA: Wide Angle
Demonetization has unraveled a deeply fraudulent loan practice that existed in the real estate sector wherein builders, in collusion with banks, got individuals to take loans posing as buyers (home loans to private individuals come at a cheaper interest rate), and thereafter channeling the disbursed amount into their businesses. The modus operandi goes like this: Mohit Saxena (31), father of an infant, urgently needed money in 2015. He owed numerous loans for his mother's treatment, his sister's and his own marriages. Two agents, Nandan Jha and Ajay, of a particular builder came to Mohit with a proposal to obtain a bank loan for them, promising Mohit 4-6 per cent 'cut' on the total disbursed amount. The EMIs were to be paid to the bank by the builder, but through Mohit, the official loan-taker. To Mohit's surprise, the builder created three loan files instead of one. Out of greed, he signed the loan documents. The agents assured him that the loan is going to be repaid in two years flat. So, Mohit went ...
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HFC portfolios are vulnerable owing to rising share of non-housing loans: ICRA 30.10.2017 Sify Finance
[India], Oct. 30 (ANI): Even when housing loans continue to dominate the loan portfolio of Housing finance companies (HFC)s, the share of housing loans in the overall HFC portfolio has been
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Taxpayers, here's some good news for you 29.10.2017 Rediff: Business
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
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Festive home loan schemes: Good or bad? 26.10.2017 Sify Finance
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The 'Wait and Watch' Syndrome in property-buying 25.10.2017 Sify Finance
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Should you buy or sell NBFCs now? 19.10.2017 Rediff: Business
If you have an active trading account or have consumer loans or thinking of taking out a loan, consider investing in NBFCs, says Devangshu Datta
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Why Xi is smiling and Modi isn't 18.10.2017 Rediff: Columns
'China has reclaimed, after two years, its mantle as the world's fastest-growing large economy.'
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A 2017 festive season primer for homebuyers 17.10.2017 Sify Finance
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