PN Pudur Property

Right after the Reserve Bank of India (RBI) increased repo rate — the rate at which it lends money to other banks — to 6.50 per cent, several financial institutions have announced a hike in lending rates. This means cost of borrowing is going to get costlier for homebuyers.

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.

A look at what differentiates NRI property purchase from resident property purchase in India.

In India, we perform the house-entering ceremony, popularly known as Griha Pravesh, before we set our foot in our new house. This ceremony is performed keeping in mind the guidelines prescribed by the ancient architectural science of Vastu. Certain procedures have to be followed to make sure our stay in the new home is fulfilling. In case you recently bought a house and are planning to perform the Griha Pravesh ritual, we list here the auspicious days on which you could do so in 2018 and 2019.