Harsh Joshi at The Wall Street Journal: Low interest rates, a rapidly recovering economy, and India’s never-ending demand for housing: it all adds up to a convincing case to invest in the Indian real-estate sector. But here’s an eye opener: pri…

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ET: RBI may shelve prepayment penalties on home loans

The Reserve Bank of India (RBI) plans to direct banks to stop levying penalty on pre-payment of retail loans, heeding to a long-standing demand of borrowers availing of floating rate loans who find…

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A new ICICI Home Finance advertisement on TV (no link) shows a young man telling his dad about his decision to buy a house. The father wisely tells the son about the scrutiny, background checks and legal work required to ensure the property is all ok -…

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Praveen Singh at the Indian Express on property developer Omaxe’s Execution Failure:

PM Senthil Kumar, a Delhi-based executive, booked a flat in Omaxe’s project called Galaxy in Sector 112, Noida. Since 2007, he has already paid over Rs 10 lakh to t…

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I haven’t bought a house or apartment, because houses are WAY overpriced ever since I could afford one. Also the rent-versus-buy argument is much skewed in the renter’s favour. The average rental yield, net of costs, is about 2% of property value – spe…

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