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Source: Live Mint With RBI slashing its repo rate by 25 basis points on Friday, home loan EMIs are likely to see a decline. The revision in monetary policy is seen as the start of the interest rate cut cycle. As a result, loan EMIs are expected to fall. If you are contemplating raising a home loan…
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…
Source: Live Mint Buying a home is one of the crucial decisions of life, and it requires years of planning and investment. While many rely on investments to buy their dream home, others borrow money from lenders to fund the purchase of their new house. A home loan is a significant liability, and knowledge of…
Source: Live Mint Many people want to become home owners, and owning a home might be as simple as taking a home loan. Obtaining a home loan however, is not just by making an application; in addition to this, several conditions have to be satisfied. One of the necessary requirements is that you ought to…
Source: Live Mint If you plan to file your income tax return (ITR) under the old tax regime, you can start making investments in some tax-free instruments in order to claim deduction under section 80C before the financial year comes to an end. There are a number of tax saving instruments that one can invest…
Source: Live Mint A report by Anarock found the demand for 3BHKs has now surpassed that of 2BHKs, and the sale of high-end apartments (above Rs.1.5 crore) has increased nearly four-fold since 2021. Meanwhile, demand for affordable housing (below ₹40 lakh) fell to 21% of homebuyers in the second half of 2023 from 25% in…
