e-SBTR (Electronic Secured Bank Treasury Receipt), a service for a single window payment of both stamp duty and registration fee for home purchase in Maharashtra, which was hitherto offered by IDBI Bank, Punjab National Bank, State Bank of India and others, will now be available with Union Bank of India also. The e-SBTR allows […]
State Bank of India Archive
April 24, 2016 10:00 am
Coming soon-Fixed Rate for longer term Home Loans from SBI
If you are wondering whether With the new benchmark rates being reviewed every month, should new home loan borrowers keep checking rates or will the annual reset take care of everything, Arundhati Bhattacharya, Chairman of country’s largest lender State Bank of India explains it all here. The Base Rate is reviewed quarterly and banks cannot […]
April 7, 2016 10:00 am
SBI announces cheaper home loans
After the Reserve Bank of India prescribed new system to improve transmission of monetary policy that is Instead of one benchmark rate, banks would indicate at least five benchmark rates varying according to tenures called Marginal Cost of funds based Lending Rates (MCLR), home loans from the country’s largest lender, State Bank of India are […]
March 18, 2016 6:00 pm
Kingfisher House on sale
Located near the domestic airport at Mumbai’s Vile Parle area, The headquarter of defunct Kingfisher Airlines popularly known as the Kingfisher House is being put up for e-auction by State Bank of India through which interested buyers will bid for it online. The base price for this multi-storey building, with a built up area of […]
December 19, 2015 10:00 am
State Bank of India has set a target to extend Rs 500 cr worth home loans in Odisha
According to latest reports, in Odisha SBI, a public sector lender had advanced home loans of worth Rs 400 cr for year 2014 – 2015 and now country’s largest public sector lender SBI (State Bank of India) has set a target to extend Rs 500 cr worth home loans in Odisha for the year 2015 […]
November 30, 2015 2:30 pm
For real estate monetization, Air India has finalized its deal to sell 4 apartments in South Mumbai
Air India, the national carrier is ready to take off its plan for real estate monetization, as AI has finalized a deal to sell its 4 apartments in South Mumbai. After three years of gap, again Air India has finally started to sell its properties in Mumbai. Following by many unsuccessful attempts, this national carrier […]
November 20, 2015 6:00 pm
Air India sells flats worth 90 cr to SBI
Air India is surviving on a bailout package approved by the government in 2012. As part of its turnaround plans to reduce a debt burden of 40,000 crore, the grieving PSU plans to sell real estate assets worth Rs 5,000 crore to generate funds. Executing on the plans, AI has decided to sell four residential […]
October 10, 2015 6:00 pm
Festive cheer may overlook the realty sector
Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]