The owners who have bought the apartments and sites in and around raja kaluve and the lakes have borrowed money from BANKS. In many cases, the banks have evaluated the projects and in some cases had issued pre approval to the projects which are under investigation and demolition. Majority of the buyers are borrowers and … Continue reading ENCROACHMENT – RAJA KALUVE – LAKES – LENDERS ESCAPED
Tag: banks
THE REALITY OF THE REALTY MARKET
The real estate market is reeling under abnormal pressure due to NON-SALE, UNSOLD INVENTORY OR STOCK, DOWNWARD PRICE TREND, HIGH LABOUR COST, HIGH LAND COST AND ABOVE ALL , THE NEW LAW AND MOUNTING INTEREST. Many of the builders will GO with the NEW LAW and few might remain. The builders/sellers and brokers are creating … Continue reading THE REALITY OF THE REALTY MARKET
FREE-FREE- BUYING AN APARTMENT OR A SITE – OFFERS FROM ?????????????????????????
BUYING AN APARTMENT OR A SITE FROM A BUILDER / DEVELOPER AND THERE ARE MANY FREE GIFTS!!!! CLUB HOUSE-FREE MEMBERSHIP-FREE BANK LOAN ARRANGEMENT-FREE REGISTRATION-FREE DEAR BUYERS, USE COMMON SENSE AND THINK, HOW CAN THESE PROFIT MAKERS OR THE COMPANIES OFFER ANYTHING FREE FOR A STRANGE BUYER? IS IT POSSIBLE TO CREATE SOME CONCRETE THING OR … Continue reading FREE-FREE- BUYING AN APARTMENT OR A SITE – OFFERS FROM ?????????????????????????
BBMP `A` KATHA – CHECK AND VERIFY THE BACKGROUND AND FIND OUT , HOW THE KATHA IS OBTAINED ? – BEFORE THE PURCHASE
IT IS STRONGLY RECOMMENDED TO THOROUGHLY VERIFY THE BBMP `A` KATHA ISSUED TO REVENUE POCKETS, AREAS, BIFURCATED/LAYOUTS FORMED IN DC CONVERTED SITES AND THE BASIS ON WHICH THESE KATHAS ISSUED BY THE BBMP, BEFORE PURCHASING A SITE/PLOT OR AN APARTMENT. IN THE COURSE OF OUR VERIFICATION, WE HAVE STUMBLED UPON MANY PARADOXES, SOME ARE SO … Continue reading BBMP `A` KATHA – CHECK AND VERIFY THE BACKGROUND AND FIND OUT , HOW THE KATHA IS OBTAINED ? – BEFORE THE PURCHASE
RBI DIRECTS THE BANKS NOT TO LEVY FORECLOSURE/PREPAYMENT CLOSURE OF FLOATING RATE TERM LOANS
RBI/2013-14/582 DBOD. Dir.BC.No.110/13.03.00/2013-14 May 7, 2014 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Levy of foreclosure charges/pre-payment penalty on Floating Rate Term Loans Please refer to our circular DBOD. No. Dir.BC.107/13.03.00/2011-12 dated June 5, 2012 on ‘Home Loans- Levy of Fore-closure Charges/ Pre-payment Penalty’. 2. A reference is invited to Part B of the First Bi-monthly Monetary … Continue reading RBI DIRECTS THE BANKS NOT TO LEVY FORECLOSURE/PREPAYMENT CLOSURE OF FLOATING RATE TERM LOANS
RBI INCREASES THE REPO RATES – EFFECT – INTEREST RATES GO UP – HOME LOAN INTEREST RATES UP AND UP
Reserve Bank of India announced a 25 basis points (0.25 per cent) hike in repo rate or the benchmark rate as widely expected. The RBI's move may force banks to increase interest rates on loans leading to higher EMIs (equated monthly installments) for existing home loans and costlier retail loans for new customers. But, as … Continue reading RBI INCREASES THE REPO RATES – EFFECT – INTEREST RATES GO UP – HOME LOAN INTEREST RATES UP AND UP
The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers
The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit. The central bank has also said that no additional charges can be levied on payment through debit cards. RBI BANS ZERO PER CENT INTEREST SCHEME RBI/2013-14/292 DBS.CO.PPD … Continue reading The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers
INTEREST RATES MAY GO UP BY 0.5% TO 3% WITHIN THIS YEAR ON HOME LOANS AND AUTO LOANS !!
Lending rates goes up and up!! The sustained fall of rupee has begun to impact banks. Major Banks has begun to raise lending rates, which means people planning on Home loans, auto loans and festival loans will have to do a rethink. Monday's hands off approach by the RBI is in sharp contrast to the … Continue reading INTEREST RATES MAY GO UP BY 0.5% TO 3% WITHIN THIS YEAR ON HOME LOANS AND AUTO LOANS !!
BANKS ARE ARMED WITH POWERFUL LAWS FOR RECOVERY – BORROWERS – BE CAREFUL BEFORE
Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved The Union Cabinet approved introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 in the next session of Parliament. The proposed amendments would enable banks to improve their operational efficiency, deploy more funds for credit disbursement … Continue reading BANKS ARE ARMED WITH POWERFUL LAWS FOR RECOVERY – BORROWERS – BE CAREFUL BEFORE
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