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postheadericon INFLATION HOLDS KEY TO HOME LOAN RATES

postdateiconWednesday, 06 July 2011 11:46 | PDF | Print | E-mail

Home loan interest rates will begin to ease once the high inflation rate comes under control. Vikas Agarwal explains the effect of inflation on interest rates

Inflation is a buzzword you hear almost everyday. In India, the broad-based inflation rate is published every month, based on the Wholesale Price Index (WPI). The WPI measures the prices of a basket of goods and services, and the inflation rate is the percentage rise in the WPI during a given month. The other major index that is regularly tracked is the food inflation index. The food inflation rate is reported every week based on the prices of a basket of commodities.

The high inflation rate is not just specific to India. Inflation has been ruling high in all emerging markets ever since the global economy came out of recession last year. There are several factors that resulted in the high rate of inflation in the markets here including demand-led factors, supply-led factors and the price rise in global commodities.

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postheadericon Land rates to shoot north across the city Outskirts, New BBMP Areas Get Pricey

postdateiconTuesday, 24 May 2011 10:34 | PDF | Print | E-mail

Bangalore: Every sqft in Bangalore is set to get a new and pricier tag, with a revision of land guidance values in the offing.

Coming after four years, it is not likely to be a small rise, but a drastic jump, ranging from 20-30% within the city to a mindblowing 100-150% in the suburbs, which were recently added to the metro.

The revision spells an upward swing — investing in land and property will get more expensive, as will stamp duty, registration charges and property tax.

Land in the outskirts — now included in BBMP limits, and where land developers are designing villas and high-end apartments — was considered affordable, but will no longer be so.

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postheadericon Market rate rent will get 5-year secured term for tenant

postdateiconMonday, 23 May 2011 16:34 | PDF | Print | E-mail

The draft landlord-tenant agreement safeguards the interests of both parties Ashish Gupta

Disputes between tenants and landlords have often ended up in courts.

The issue may be related to vacation of premises or increase in rent. Recently, the Supreme Court drafted a model landlord-tenant agreement.

The Supreme Court stated that in most landlord-tenant disputes there was no written contract and the tenant took advantage of the situation because of the slow process of rent control laws and the process involved in eviction.

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postheadericon HOME LOAN CAN BE PRIORITY SECTOR LENDING

postdateiconMonday, 23 May 2011 16:32 | PDF | Print | E-mail

Increase in limit to qualify as priority sector loan is good for borrowers Ashish Gupta elaborates

Amidst the not-so-good news of interest rate increases by banks, there is some good news for the housing sector. The Reserve Bank of India (RBI) has raised the housing loan limit to up to Rs 25 lakhs against the existing Rs 20 lakhs to be eligible for classification as priority sector lending. According to the RBI, pursuant to the announcement made by the Finance Minister in Budget 2011-12, it has decided to increase the limit from Rs 20 lakhs to Rs 25 lakhs.

In his budget speech for the year 2011-12, the Finance Minister had said that on account of increases in prices of residential properties in urban areas, it was proposed to enhance the existing housing loan limit from Rs 20 lakhs to Rs 25 lakhs for dwelling units under priority sector lending.

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postheadericon DON’T LET INTEREST RATE HIKE PINCH YOU

postdateiconMonday, 23 May 2011 16:29 | PDF | Print | E-mail

Ashish Gupta outlines two strategies to manage a higher interest rate on your home loan

With the continuing increase in home loan interest rates, it is becoming difficult to manage the EMIs for many. Banks have been increasing the rates on home loans.

Consequently, the EMIs are increasing. The EMI is the monthly repayment towards a home loan and includes the principal as well as the interest components.

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