#RealtyNewsRoundup: SBI Lowers Home Loan Interests Rates

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

The State Bank of India (SBI) has revised its lending rates on home loans by five basis points to 9.15 per cent. With this reduction, home loan interest rates for women have come down to 9.35 per cent, while for other borrowers it has come down to 9.40 per cent. The new lending rates are effective from May 1. Read more

The City and Industrial Development Corporation (Cidco) invited financial bids for the proposed airport in Navi Mumbai. The Request for Proposals (RFPs) have been sent to the three shortlisted companies – GMR Infrastructure, Mumbai International Airport (MIAL) and Mia Infrastructure. The companies have to respond by first week of September. Read more

Dubai-based real estate major Deyaar Development PJSC has joined hands with Indian real estate aggregator Square Yards to market its properties in India. The company will offer pre-leased properties at Ruby Residencies located in Dubai Silicon Oasis and off-plan properties at Midtown, a township located in the International Media Production Zone (IMPZ). The company is organising a property showcase event in Mumbai on May 7-8. Read more

The Greater Noida Industrial Development Authority (GNIDA) has issued 40 show-cause notices to residential property owners and has cancelled 20 IT/ITES plots due to being non-functional. The authority has warned the owners to stop illegal and unauthorised activities within 15 days unless they will face strict actions. According to authority officials, a survey was conducted by GNIDA to identify erring allottess.  Read more