RBI cuts repo rate to make loans cheaper and extends moratorium on loan repayments Amid the nationwide lockdown to curb the spread of deadly coronavirus, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a reduction in the repo rate by 40 basis points from 4.4 percent to […]
Govt Extends Credit-Linked Subsidy Scheme For Middle-Income Group By One Year Finance Minister Nirmala Sitharaman on Thursday extended the benefit of interest subsidy on home loans under the Credit-Linked Subsidy Scheme (CLSS) for households by one year. While announcing the second tranche of PM Narendra Modi’s Rs 20 lakh crores […]
Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of ₹20 lakh crore economic package to provide ease of living at affordable rent aimed at helping thousands of migrant workers and urban poor who are the worst hit by COVID-19. Giving details of this package, she announced that the […]
Centre extends timeline for RERA projects completions by six months Union Finance Minister Nirmala Sitharaman on Wednesday said that the deadline for completion of RERA projects will be extended by up to six months. Announcing the part of the economic relief package of Rs. 20 lacs crore as announced by […]
Union Budget 2020 And Its Proposals For The Real Estate Sector Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 on Feb.01 amid the slowdown in the realty sector. Finance Minister announced a slew of measures to boost the stressed real estate sector. The Budget continues to focus on […]
The Indian housing market has not seen very significant momentum in 2019 as the last year was not eventful for the sector in terms of any appreciable sales growth and investor interest. Subdued sentiments of home buyers, liquidity crisis due to the non-banking financial company (NBFC), lackluster investment appetite and […]
RBI Keeps The Repo Rate Unchanged At 5.15% In Its Fifth Monetary Policy Review 2019 The RBI keeps the repo rate unchanged at 5.15 percent at its bi-monthly monetary policy review on Thursday. All six-members of the Monetary Policy Committee (MPC) of the Reserve Bank Of India voted unanimously to […]