Concerned over excessive flow of banking funds to the real estate sector, the Reserve Bank of India (RBI) today said lenders will provide loans only up to 80 per cent of the cost of property. Following the RBI directive, a home buyer will necessarily have to arrange at least 20 per cent...

After the CBI has unearthed the multi-crore housing loan scam, Finance Minister Pranab Mukherjee has asked the state-run lenders to take all the possible steps to prevent a recurrence of the loans-for-bribes scandal. The banks are directed to critically scrutinize all real estate loans above 50 crore ..

Notwithstanding rising interest rates, mortgage lenders continue to remain optimistic of strong loan growth in the festive season ahead. Banker and analysts said lower real estate prices , coupled with special interest rate schemes and higher salary payouts, are working in favour of strong home loan growth. ...