Home Loans: Why Diwali might be the best time to buy a house


Home Loans: Why Diwali might be the best time to buy a house

While all of India Inc readies itself with price discounts and offers to bolster sales ahead of the Diwali rush, builders are offering discounts and gifts to home buyers, deferring payment plans, and also foregoing charges to tap into the revival in the property market.

The bank said its action plan aiming to improve asset quality started yielding results. The portfolio at risk (PAR) reduced to 21.7% from 30.8% in June with Rs 725 crore loan recovery. PAR was 25.2% in July. The lender's collection efficiency improved to 95% in August from 93% in July, according to a regulatory filing to stock exchanges..


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