MyBangaloreProperty.com-BangaloreCityhome

According to an industry survey, fresh investment plans in the real estate segment have taken a plunge of about 82 per cent between the first and the third quarter of the current financial year showing a slowdown in demand in residential and commercial sectors. Investments in the real estate sector declined from Rs 1,15,326 crore in the first ...

With a sharp decline in property prices, leading banks, including State Bank of India, have started revaluing properties against which loans have been granted. According to sources familiar with the decision, banks are worried that the recent fall could impact their risk valuation, if asset prices continue to fall. In the last few months, ...

HDFC, India's largest housing finance company has made a big move in the home equity business by offering loans against property at 13.25%. This could turn out to be a big business opportunity for the lender since most of its borrowers pre-pay home loans. The finance through the home equity route makes available finance at a cheaper rate than, ...

GE Commercial Finance is planning to increase its exposure in the Indian market. The company, which is registered as NBFC (non-banking financial institution) in India, is targeting an asset base of over $8 billion by 2010 from less than $4 billion at present. The financing behemoth is betting on real estate, aviation, infrastructure and energy to ...

There may be some good news for all prospective home loan takers despite the recent increase in interest rates. The finance ministry is considering raising the tax concession ceiling for home loan borrowers. At present, interest up to Rs 1.5 lakh is tax exempt under Section 24 of the Income-Tax Act. This is expected to go up to Rs 2 lakh. ...

Bharti Enterprises and French insurance major AXA are set to launch a realty fund. They are in talks to finalize the details of the joint venture. Both companies are also on the verge of launching an asset management company to tap the mutual fund segment. Mutual fund joint venture is likely to be announced before the end of the current financial ...