PN Pudur Property

Days before the central bank announces its bi-monthly monetary policy, as many as four banks have revised their lending rates, a move that would make home and automobile loans costlier for borrowers. The 10-basis-points (BPS) hike in rates announced by two private and two public banks comes into effect from June 1.

Masala bonds are offered and settled in the US dollars to raise Indian currency from global investors for infrastructure development to be undertaken in India. It, therefore, is beneficial for offshore investors who are looking at an exposure in Indian assets. With housing finance companies issuing masala bonds, revival for real estate may be on the cards.

In his address to the nation on the New Year's Eve, Prime Minister Narendra Modi urged banks to make people from the lower-middle class and middle-class their areas of focus. PM's speech has prompted several banks, including India's largest lender SBI, to slash lending rates. The move is likely to give a renewed push to the affordable housing segment.

MakaanIQ explains women's right in their fathers' properties.

In a recent hearing on May 16, the Supreme Court has stayed the liquidation proceedings against the Jaypee Infratech and has asked the builder to deposit Rs 1,000 crore by June 15 to refund homebuyers. Now, the matter has been listed for hearing on July 4.