Property News – Punjab & Ludhiana
Short, simple updates on property prices, home loan rates, government rules and new projects in Ludhiana, Mohali and across Punjab. Updated every day. Each item links to the original news source.
Developer Faces ₹92L Penalty After Plot Allotment Cancellation in Mohali
A developer in Mohali has had their plot allotment cancelled and must pay ₹92 lakh. This situation highlights the importance of compliance in property dealings, which can impact buyers and sellers in the area.
Read full news on Hindustan TimesHigher Credit Scores Can Mitigate Rising Home Loan Costs
Home loans may become more expensive due to rising interest rates. A higher credit score can help borrowers save significantly, making it crucial for those looking to buy property.
Read full news on The Economic TimesRCCI Voices Concerns on Property Tax Changes and Sanitation Fees
The RCCI has expressed worries regarding recent amendments to property tax and the Suthra Punjab sanitation fee. These changes could impact property owners and buyers in the region, making it crucial for them to stay informed.
Read full news on Daily Lead PakistanRBI Might Increase Repo Rate to Combat Inflation
The Reserve Bank of India is considering raising the repo rate to 6.25% to tackle inflation. This could impact home loan interest rates, affecting buyers and sellers in the property market.
Read full news on Asianet NewsableUnderstanding the Costs of a 20-Year Home Loan in Apna Ghar Scheme
The Apna Ghar Housing Scheme outlines the financial implications of a 20-year home loan. This information is crucial for potential home buyers looking to understand their long-term financial commitments.
Read full news on Daily PakistanED Arrests Jagmohan Garg in GMADA Land Deal Investigation
Jagmohan Garg was arrested at Delhi airport as part of an investigation into GMADA land deals. This could impact property transactions and trust in the GMADA process in Punjab.
Read full news on Punjab News ExpressGMADA to Revise Master Plan by Reducing Road Width in Upcoming Projects
GMADA is planning to modify the Master Plan by reducing the width of roads in future developments. This change could impact property layouts and infrastructure planning in Mohali, affecting buyers and developers.
Read full news on Hindustan TimesSBI Increases Home Loan Rates by 25 Basis Points
SBI has raised its home loan interest rates by 25 basis points. This increase will affect monthly payments for borrowers, making it important for potential home buyers to consider their financing options.
Read full news on Business Today115 Families Receive Property Cards from 'Mera Ghar, Mere Naam' Initiative
The 'Mera Ghar, Mere Naam' scheme has successfully issued property cards to 115 families. This initiative is significant for property ownership and security in the region.
Read full news on The Times of IndiaMajor Banks Adjust Home Loan Rates: Impact on Borrowers
SBI, PNB, and four other banks have revised their home loan interest rates. This change could affect borrowers' monthly payments and overall affordability in the housing market.
Read full news on TradingViewRBI Maintains Repo Rate at 5.25%, Adjusts Growth and Inflation Forecasts
The RBI has kept the repo rate steady at 5.25% while revising growth and inflation projections. This decision impacts home loan interest rates and economic stability, crucial for property buyers and sellers.
Read full news on GoodreturnsMajor Banks Adjust Home Loan Rates: Impact on Borrowers
Several banks, including SBI and PNB, have revised their home loan lending rates. This change could affect borrowers' monthly payments and overall loan costs, making it important for potential buyers to stay informed.
Read full news on LivemintPunjab Cancels ₹40-Crore Waiver for Mohali Realty Project Under Investigation
The Punjab government has revoked a significant financial waiver for a real estate project in Mohali. This decision could impact investor confidence and the overall real estate market in the region.
Read full news on Hindustan TimesFarmers in Punjab Challenge Stricter Loan Conditions Before Rabi Season
Farmers in Punjab are opposing new stricter loan terms as the rabi season approaches. This is important for property buyers and sellers as it affects agricultural financing and land value in the region.
Read full news on Hindustan TimesMohali MLA Issues Property Cards to 76 Families
The MLA of Mohali has distributed property cards to 76 families. This initiative helps families secure their property rights, which is important for property ownership and investment.
Read full news on Hindustan TimesChandigarh Real Estate Sees High-Value Sales of Rs 200 Cr and Rs 100 Cr
A plot in Chandigarh was sold for Rs 200 crore, while a house in Sector 9 fetched Rs 100 crore. These significant transactions indicate a strong demand in the real estate market, which is important for buyers and sellers in the region.
Read full news on The TribuneBuilder Fined for Not Providing Completion and Occupation Papers in Mohali
A builder in Mohali has been fined for failing to provide necessary completion and occupation papers. This is important for property buyers as it affects their ability to legally occupy and use their homes.
Read full news on Hindustan TimesCouple Wins Rs 68,000 After Bank Continues Home Loan Deductions
A couple successfully claimed Rs 68,000 after their bank continued to deduct EMIs post loan settlement. This case highlights the importance of monitoring bank transactions for home loan borrowers.
Read full news on The Indian ExpressPunjab Ruling: Apartment Owners Must Pay Maintenance Charges
A recent ruling in Punjab states that apartment owners cannot evade maintenance fees even without a signed agreement. This decision is important for property buyers and sellers as it clarifies financial responsibilities in apartment ownership.
Read full news on LiveLawBizMohali MLA's Real Estate Firm Penalized for Poor Services
JLPL, a real estate firm owned by Mohali MLA Kulwant Singh, has been fined for inadequate services. This ruling highlights the importance of service quality in the property market, impacting buyers' trust.
Read full news on The TribuneNHB Increases Oversight of Housing Finance Firms Due to Compliance Issues
The National Housing Bank is intensifying its examination of housing finance companies. This move is significant for property buyers and sellers as it may impact loan availability and terms.
Read full news on Moneycontrol.comBuilder in Mohali Ordered to Compensate for Delayed Possession
A builder in Mohali has been instructed to pay 9% interest due to delayed and uncertified possession of properties. This decision is significant for buyers as it emphasizes accountability in real estate transactions.
Read full news on Hindustan TimesED Investigates GMADA Land Scam Linked to TDI's PR-6 Fraud
The Enforcement Directorate is probing a major land scam involving GMADA worth 10,000 Crore. This investigation could impact property transactions and trust in land dealings in the region.
Read full news on InventivaSBI Increases Lending Rates, Leading to Higher EMIs for Borrowers
The State Bank of India has revised its lending interest rates, resulting in higher EMIs for borrowers. This change is significant for those looking to take loans, as it affects their monthly payments.
Read full news on The Economic TimesHome Loan Issues Arise as Builder Disappears: Options for Borrowers
A builder has gone missing, leaving borrowers with burdensome home loans. This situation is critical for property buyers as it affects their financial stability and options for recourse.
Read full news on Moneycontrol.comRBI Increases Repo Rate to 5.5%, Impacting Home Loan Costs
The RBI has raised the repo rate by 25 basis points to 5.5%. This decision affects home loan interest rates, making borrowing more expensive for property buyers.
Read full news on Business StandardBuilder in Mohali Penalized for Defective Flats, Must Compensate Buyers
A builder in Mohali has been ordered to pay ₹75,000 plus 9% interest due to flaws in flats. This ruling highlights the importance of quality in property transactions for buyers.
Read full news on The Times of IndiaPUDA to Refund ₹14.5 Lakh for Marshy Land with Interest
PUDA is set to refund ₹14.5 lakh along with interest for a marshy plot. This decision is significant for property buyers as it highlights the importance of land quality in real estate transactions.
Read full news on The Times of IndiaUnderstanding Joint Home Loans with Your Spouse
A joint home loan lets a couple buy property together and share the repayment responsibility. It can also improve the chances of loan approval, according to Moneycontrol.
Read full news on Moneycontrol.comCBI Investigates Punjab Housing Projects Amid Corruption Allegations
The CBI is looking into files related to housing projects in Punjab as part of a corruption probe. This investigation could impact property transactions and development in the region.
Read full news on The StatesmanCan Fin Homes Gains Attention Amid Steady Affordable Housing Demand
Can Fin Homes is gaining focus due to the strong demand for affordable housing. This trend is important for property buyers and sellers as it indicates a stable market for budget-friendly homes.
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