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SUBVENTION SCHEME HOUSING
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...- From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCRThe Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air ...
- Airlines' fuel, vehicle replacement & roadways in focus as Cabinet announces key decisions worth Rs 30,290 croreThe Union Cabinet has approved significant development initiatives totaling Rs 30,290 crore. A key focus is providing Rs 10,000 crore in bu...
- From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCRThe Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air ...
- Attractive home loan EMI subvention scheme is no magic bullet: Know how it became an everlasting misery for these homebuyersSubvention schemes were supposed to make things easier for buyers, but in many cases, became instruments that gave builders access to loans...
- Tread cautiously when dealing with subvention schemes offered by real estate developersSince developers are independent entities, they are free to create schemes within the allowable legal framework.
- Only 23 housing projects launched during Apr-Jun quarter under subvention scheme: ReportThese 23 projects comprised of 7,620 units – about 11 per cent of the total 69,000 units launched in the quarter.
- NHB directive on subvention to have little impact, says studyReal estate developer Sobha believes that demand in the residential sector will continue to grow as benefits from the structural reforms be...
- NHB's move to ban subvention scheme must be withdrawn: CREDAICREDAI President Satish Magar demanded that interest rate on home loan be brought down to 7.5 per cent to boost housing demand.
- Buying a home? Say bye to 10:90 schemesLenders will stop offering loan products involving debt servicing by developers on behalf of borrowers.
- Buying a house on a subvention scheme? Tread with cautionInterest subvention schemes can make buying a home easy for you in the initial stages, but watch out for the pitfalls.
- Mumbai beats slump in housing projects with emphasis on affordable homesThe Mumbai Metropolitan Region saw a huge 54% jump in new launches between April 2016 and March 2017, mainly due to builders offering affor...
- Interest subvention scheme for housing sector soon: Venkaiah Naidu“We have taken the views of various stakeholders, including real estate sector. Then we will go to the Cabinet shortly."
- SBI to offer uniform interest rate on home loans from August 26Interest rate for home loans of up to Rs 75 lakh will be 10 basis points above the base rate. Interest rate for above Rs 75 lakh will be 15...
- Interest subsidy for low-cost housing to be hiked up to 5%Finance secretary G S Sandhu said that the government would shortly announce enhanced subvention for affordable home loans.
- Government to raise 5 per cent interest subvention scheme by 5-fold for poorThe government shares the interest burden on a loan for the particular target segment and such schemes exist of a slew of sectors, includin...
- Government cuts corpus for home loan rate subvention by 20%Govt has cut the size of interest rate subvention corpus for affordable housing loans by a fifth as it focuses on austerity over growth.
- Interest subvention on housing loan extended by a yearAlready a budgetary provision of Rs 400 crore has been made for implementing the scheme in 2012-13.
- Union Budget 2011: Low-cost housing loans of Rs 15 lakh to get 1% interest sopThe govt said low-cost housing loans of Rs 15 lakh will be eligible for 1% interest subsidy, which will help in increasing the demand.
- Govt housing stimulus package may galvanise housing activityThe UPA government’s latest Rs 1,000-crore housing stimulus package, under which new home loan borrowers will get an upfront 1% interest ra...
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