Check your property loan benefits

Refunds will be considered income if the property is sold within five years. While buying a house, one is often that the tax benefits will be available in two sections – Section 80C (up to Rs 1 lakh) to pay principal and section 24 (up to 1.5 lakh rupees) for the payment of interests. Under […]

Savings must be important, because it’s very difficult to do

It’s official. We are saving less. But it is surprising given the global economic climate of the last three years or less? According to the National Register of Savings Bonds 2011, published this week, the level of our savings has declined in the last year. More worrying, however, is that 86 % of people in […]

SBI to go back to government again for rights issue support

The State Bank of India will knock on the government’s door once again to get the clearance for its proposed rights issue to raise Rs 20,000 crore while it is going steady with its overseas expansion plans. “We are going back to the government on the rights issue,” SBI chairman Pratip Chaudhuri told ET. He […]

RBI lays out stern and dreary rules for banks lending to real estate sector

The Reserve Bank of India has set the standards of due severe and tedious in the industry for banks in sanctioning of loans to real estate, after an inspection found that the majority of frauds were due to forgery even after specialized lawyers and accountants. The central bank said that banks should make every effort […]

Now, finance firms turn real estate gurus

Which real estate consultant offers you a pick of 6,000 homes in over 400 projects from much than 700 developers-and flatbottomed offers to management your actual demesne acquisition? Welcomed to the new improved property loan society that has fair rapt up the evaluate restraint and has included historical estate consultancy in its portfolio. After investigating […]