Rate cut to new home loans to be passed on automatically

You might remember the blog that we did recently about Repo rate cut . We had warned you, our consumers that its better to make sure that your loan is linked to an index which when the rate cut happens the savings will get passed to you automatically We are now pleased to announce that our central government is making…

Events & Happenings in Aug 2019

We at RRHousing try and do our bit for people around us and society at large. So as part of CSR ( Corporate social Responsibility) we participated in several events this month. We partner with Lions club of Coimbatore in several of these initiatives. Our MD Mr R KaranaBhoopathy is District Governor of Lions club and is involved actively in...

RR Housing at SBI Home & Car Loan Mela

RR Housing participated in the SBI Home & Car Loan Mela hosted by State Bank of India at Suguna Kalyana Mandapam between August 17th & 18th, 2019. The event was inaugurated by Mr. AGK Sathya Prakash, DGM(B&O) SBI, CBE. Mrs.Vanitha Mohan, Chairman, Pricol Ltd was the Special Guest and Actress Devayani graced the occasion. The lamp was lit by Mr.P.Mani,...

New ruling by NHB to safeguard home buyers from rogue builders

The National Housing Bank (NHB), the regulator for housing finance companies (HFC), has banned products which allow for builders to pay the interest in subvention schemes such as 25:75. “HFCs are advised to desist from loan products involving servicing of the loan dues by builders/developers etc. on behalf of the borrowers,” read the circular issued by the NHB, dated July…

4 Steps to Claim Interest on Home Loan Deduction

Its that time of the year! Come July 31st we all have to file our income tax returns. As a homeowner paying monthly EMIs for a home loan, knowing few things will bring in significant tax savings. Read on to find our what they are! Section 24 of the Income Tax Act lets homeowners claim a deduction Rs.2,00,000 on their home loan…

How RR Housing customers can benefit from 2019 Budget

Its that time of the year again! Yes we are talking about our union budget which was announced day before yesterday . Our FM Mrs Nirmala Sitharaman has announced several sops to boost the sluggish housing sector in our country. These sops will benefit not only First time homebuyers but also second home buyers and also realty firms like ours…

RBI Repo rate cut – Great news for Mortgage Borrowers!

Recently RBI cut repo rate from 6.5% to 6.25% cutting the rate effectively by 25 basis points. According to industry experts, this rate cut might get passed on to the customers by banks, which will translate into lower monthly installments for a car loan, personal loan or home loan. Interest rates of home loans are currently dependent on the…

Effect of election results in real estate

Now that the elections are over and the results are out its time to assess the impact it has on the economy in general and real estate sector in particular A new government with a clear majority raised optimism in 2014 Nearly 0.54 million units launched in the year and nearly 0.34 million units sold – previous year saw launch of…

Housing for all by 2022

Sekhar and shilpa just got married in a tier 2 town of Tamil Nadu. All these years upto the marriage they never thought of buying a home for themselves. They both lived with their respective parents happily. But then everything changed after the marriage. The compatibility of the couple with the parents became an issue. So the new couple decided…

Is Affordable housing the way to go ?

As the economic index of the country rises, so does the parity of income levels amongst people. This uneven income parities lead to initial struggle between the haves and the have nots. Nevertheless it raises a lot of challenge with the city planners to provide affordable and sustainable housing to all. This poses a lot of challenge when population starts…

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