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Legal

Government clarifies interest subsidy on housing loan applicable from January 1’ 2017

The Union Budget made a revelation of interest subsidy on housing loans according to the individual’s annual income slab. Now, it is made clear that the interest subsidy scheme will be applicable on all loans taken or sanctioned after January 1’ 2017.

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Property Trends

Demonetisation causes dip in property registration by more than 50% in NOIDA and Greater NOIDA

NOIDA and Greater NOIDA property market is hit severely due to demonetisation as property registration has decreased by more than 50%. Buyers are unable to pay the registration and stamp duties, as they do not have cash.

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Property Trends

Demonetisation causes 25% of construction workers in NOIDA lose their Jobs

More than a month after demonetisation, the cash crunch situation has not improved remarkably. With no work, bank account and money in hand, daily wagers are finding it hard to survive in the city. 

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Home Loan

Will Demonetisation prompt Banks to cut down the Rate of Interest on Home Loans?

Demonetisation has mushroomed a lot of hope among common men in the country. While the banks have received close to 8.5 lakh crore rupees in their vaults, the benefits to common man have hardly been realised. 

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