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| Allahabad Bank offers festive season rebate up to 1% on loans |
| India Real Estate Tracker - 5 days, 13 hours ago
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NEW DELHI: State-owned Allahabad Bank today said borrowers will get an interest concession of up to 1 per cent on loans during the festival season, which it hopes will attract new customers. While the interest rebate offered by the bank on housing loans under the floating rate scheme varies from 0.25 per cent to 1 [...] Read More
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| Question of compensation for blocked asset sales |
| New Zealand Herald - 5 days, 22 hours ago |
BusinessNZ is suggesting taxpayers need to consider what of sort of compensation they are prepared to pay to disaffected property owners, if restrictions are put on the sale of assets to overseas interests."While New Zealand has... Read More
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| Newcomers eye affordable housing |
| India Real Estate Tracker - 7 days, 14 hours ago
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Many established real estate developers may shy away from affordable housing segment due to the low margin. But, this space is receiving a lot of interest from new developers who wish to cash in the rising requirement for housing in urban areas. Interestingly, these new developers also believe that decent margin is achievable through the [...] Read More
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| Realtors Express Satisfaction on Tax Exemption in Housing Loan Segment |
| Indian Realty News - 7 days, 15 hours ago |
Realty firms and consultants have expressed satisfaction on the proposal to retain income tax exemption on interest up to Rs 1.5 lakh a year on housing loan, but said the government needs to enhance the limit. “It is a very good thing that the government has retained the exemption. It will have a feel-good sentiment [...] Read More
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| Zig Inge Outmuscles Developers For Prime South Yarra Office |
| Realestate Source - 9 days, 10 hours ago |
FUND manager and developer Zig Inge Group is believed to have paid close to $18 million for a rundown but spectacularly located office investment at 199 Toorak Road in South Yarra.The blue, glass, four-level building with ground floor shops is at the north-east corner of Claremont Street and will be renovated, and slotted into Zig Inge Group's Core .. Read More
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| Upmarket Furniture Retailer Quits Collins Street's Georges Building |
| Realestate Source - 9 days, 12 hours ago |
Upmarket furniture and homeware retailer Radstock + Kendall will vacate its prominent retail space at the Georges building at 162 Collins Street, and lease about 250 square metres at the ground floor of Valad's 575 Bourke Street office tower.Knight Frank retail leasing director Gary Loo said the retailer is following office workers and city shoppers .. Read More
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| Williamstown Gasometer to be Auctioned |
| Realestate Source - 11 days, 9 hours ago
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AFTER failing to sell for more than a year, a massive Williamstown development site with a catch will be auctioned next month.The former Williamstown gasometer site at 87 - 93 Stevedore Street is expected to attract interest from residential developers who would need to remediate the site and have it rezoned, before undertaking a redevelopment.Measuring .. Read More
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| Special home loan offers galore despite rate hikes |
| India Real Estate Tracker - 11 days, 13 hours ago
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Despite an increase in lending rates, most banks and home finance institutions have continued to offer special home loan products to expand their retail books. It is not just softer interest rates that customers are enjoying. There is also a host of innovative schemes to choose from, say industry experts and bankers. For instance, LIC [...] Read More
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| Andhra Bank home loan campaign |
| India Real Estate Tracker - 13 days, 13 hours ago
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Andhra Bank is offering special interest rates on housing loans as part its Housing Loan Campaign between August 23 and January 1. During this period, housing loans would be offered at 8.50 per cent fixed interest rate for the first year, according to a release. No processing charges would be levied. The take-over accounts would [...] Read More
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| No loan can be advanced below the new benchmark rate |
| India Real Estate Tracker - 13 days, 13 hours ago |
The Reserve Bank of India has said a bank will have to honour a fixed rate contract, even if interest rates move up in future. The clarification has removed doubts that some banks had over introduction of fixed rate home loans. Customers of some banks feared that if the lender's base rate rose above the [...] Read More
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