NEW DELHI: Those planning to buy their first house should rush and complete the formalities by March 31 to avail of the additional tax benefit against the interest paid on a home loan. That’s because an exemption available to taxpayers will lapse in the current financial year which enables them to reduce the interest paid from the taxable income. The reduction can be up to Rs 1.5 lakh under section 24 of the Income Tax Act and up to Rs 1 lakh under section 80EE against the interest paid on home loan. The benefit under section 80EE can be availed only to buy the first house of a value of […]

Approved project 53174-001 in Thailand.

Approved project 50333-001 in Bangladesh.

Approved project 50278-002 in Mongolia.

Approved project 54077-001 in China, People's Republic of.

Approved project 54119-001 in China, People's Republic of.

Approved project 54199-001 in Pakistan.

Approved project 53270-001 in Viet Nam.

Approved project 54108-001 in Bangladesh.

Approved project 54221-001 in Vanuatu.

Approved project 53249-001 in Mongolia.

Approved project 42466-018 in Bangladesh.

Approved project 50193-003 in India.

Approved project 54229-001 in Fiji.

Approved project 54238-001 in Tonga.

Approved project 54173-001 in Bangladesh.

Approved project 45009-003 in Mongolia.

A reverse mortgage is a special type of loan against a home that allows the borrower to convert a portion of the equity in the property into cash. The equity built up over many years of home loan payments can be paid directly to the borrower. However, unlike a traditional home equity loan no repayment is required until the borrower(s) cease to use the home as their principal residence. With a traditional second mortgage, or a home equity line of credit, one must show sufficient income versus debt ratio to qualify for such a loan, and needs to make monthly payments towards the mortgage. Reverse mortgage differs in that it […]

KOCHI: You have got some disposable amount, and want to own a real estate asset abroad. Now, it is possible as the Reserve Bank of India (RBI) allows resident Indians to remit money abroad for the purchase of immovable properties. According to a new RBI directive, banks are allowed to remit up to US$125,000 (around Rs 75 lakh) every financial year for any permitted current or capital account transaction, or a combination of both. The money can be used for purchasing immovable property outside India. Financial experts point out that the new norms might be helpful for the state as it would be easier for Keralites to spot properties due […]

Bangalore/Mumbai: HDFC Property Fund, the private equity arm of Housing Development Finance Corp. Ltd, has raised $250 million (around `1,500 crore today) through an offshore fund. It hopes to raise another $150 million by the end of the year, said a person directly familiar with the development who did not want to be named. On Friday, HDFC Property Fund informed the BSE that it had raised the capital through its second international fund, saying “the recently closed fund will focus on investing primarily in residential property developments in major cities across India”. The cumulative assets under management now exceed $1 billion, the statement added. The new fund, which started raising […]

Capitedge India Investment Advisory, a realty fund and asset management firm floated by six former members of Indian realty team of American banking giant Wells Fargo, is coming out with a residential properties-focused fund in India. This would mark its first fresh fundraising exercise after floating an independent investment advisory firm, which is also managing the remaining assets of Wells Fargo after it shut operations in the country last year. While the founding partners are closely associated in operations, Hiral Soni is driving the domestic fundraise and investment strategy, as per the company website. She was previously with Marvel Realtors and had later also set up a boutique investment banking […]

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Please join us for our Smart Cities & Connected Communities Think Tank Roundtable on Wednesday, May 19. Clint Vince, Chair of Dentons' US Energy practice and Co-chair of Dentons' Global Energy sector, will moderate this event along with a panel of industry leaders for a discussion on the future of cybersecurity concerns.