Home loan protection defend your future

Buying a house is the single largest investment decision that nine out of 10 people ever make in their lives, and the way property prices have appreciated in the past few years, this statistic is likely to remain intact in the foreseeable future. When one buys a home by availing a housing loan, it creates […]

Property developers dole out festive freebies to rev up home sales

Faced with a sharp decline in home sales and declining cash flows, property developers are doling out minor discounts and freebies to boost home sales during the ongoing festive season. Mumbai-based property developer Sunil Mantri Group is providing “extra cheer” to its buyers. Under its offer ‘Mantri Mahotsav’, it promises cash discounts or freebies ranging […]

Banks defer foreign fund-raising plans

Volatile markets and poor investor confidence have made Indian banks defer raising funds from foreign markets through medium-term notes (MTN) and instead find alternative routes. Chennai-based Indian Bank, which had plans to raise $1 billion in two tranches during the current financial year though MTNs, has deferred its plans and will wait till the market […]

Deutsche Bank to boost mortgage

Deutsche Bank plans to nearly double its mortgage book in India to Rs 3,000 crore by the end of next year. The move is in line with the bank’s strategy to maintain its focus on secured assets, following the sale of its credit cards business earlier this year. The mortgage book, which is currently estimated […]

Critical illness cover to take care of home loan repayment: IRDA

The insurance regulator has asked companies selling home insurance packages to extend the scope of critical illness cover to include home loan repayment benefit as well. A home insurance package covers critical illnesses, permanent total disability, loss of job and fire and burglary. The Insurance Regulatory and Development Authority (Irda) asked insurance companies to add […]