The unprecedented rate of urbanization the world has witnessed for the past few decades has inevitably led to increasingly high demand for good, affordable housing. To home buyers delight, Govt of India has announced some remarkable offers/rebates on housing loans. Under the Income Tax Act of 1961, special provisions have been made that offer further[...]
Read MoreWe at Sumadhura wish to share this good news! It is the first time in 17 years that home loan interest rates have fallen below 8%. The State Bank of India is offering home loans at 7.95% interest rate (floating), effective from January 1, 2020. Previously, in 2003, the home loan interest rates were offered[...]
Read MoreSumadhura Group is extremely pleased to announce MS Dhoni as our new Brand Ambassador. The former Indian Cricket team captain shall represent the firm in all its national campaigns in a multi—year engagement. Dhoni is widely known for his remarkable leadership during his tenure as the Indian team captain, bagging the World Cup in 2011,[...]
Read MoreIn a bid to clear off massive unsold housing inventories, builders are holding back on new launch projects. During the March quarter of 2018, real estate developers across top nine Indian cities launched only 27,800 new units, compared to 69,489 units in Jan-March last year. This is a 60% drop from previous year. However, beating all odds is Bangalore,
Read MoreWhen it was announced that the government would link all Indian properties with Aadhar, the decision was considered a crucial one. This would lead to the creation of a central database of ownership for each and every property. This, in turn, would help in identifying whether a property owner is paying all taxes properly and[…]
Read MoreBengaluru will soon get its digital door numbering system, known as the DiGi7. It will be a unique seven-digit identification number that will make searching for an address in Bengaluru a breeze! The BBMP will soon start providing these numbers to all the 19 lac properties across the city.
Read MoreOn Nov. 01, Wednesday, State Bank of India’s benchmark lending rate cut will become effective. The state-run lender has slashed the rate by 0.05 percent across maturities. SBI has made the announcement on its official website. The largest Indian bank’s marginal cost of funds based lending rate (MCLR) is now 7.95 percent. The bank had[…]
Read MoreDear Patron, Here’s writing to you with immense happiness and motivation what has been a cheerful and illustrious couple of months for the Sumadhura family. We have always believed our greatest glory comes from you, our dear patron and so we hope you are living it up to the fullest.
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