Importance of Rental Housing Policy

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WHAT IS RENTAL HOUSING POLICY As of late, the government declared its aim to convey a cutting-edge tenancy law with the intention to advance rental lodging in Indian urban communities, giving due notice to the prerequisites of contemporary inhabitants. The arranged National Urban Rental Housing Policy plans to address the requirements of individuals moving from rural regions to urban areas. It will profit aiming proprietors who have so far shied far from leasing their properties, by methods for monetary motivating forces particularly intended to support rental lodging. Even big names in properties such as Shriram Code Superstar are opting for rental housing policy to meet the growing demands for rental housing in a city such as Chennai which encounters huge population from other parts of the country RENTAL HOUSING MARKET India's urban communities are consistently developing as far as the populace, and an expanding populace has therefore prompted more weight on their l
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Things to know about Performing and Non Performing Asset

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What is a Standard Asset?

A standard asset for a bank is a benefit or an asset that isn't delegated as an NPA. The asset displays no issue or a problematic area in the due course of time other than the standard business risks involved. However, to understand the concept well, it is important to know about NPAs or Non-Performing Assets beforehand.

What Is An NPA?

A Non - Performing Asset (NPA) alludes to a classification for credits & loans on the books of budgetary establishments that are in default or are scheduled for payment in arrears through planned installments of principal or interest. As a rule, debt is delegated as a nonperforming entity when credit/loan installments have not been made for a time of 90 days. While 90 days of non-payment is the standard time frame for obligation & debts to be arranged as nonperforming, the measure of elapsed time might be shorter or longer relying upon the terms and conditions put forward in each credit or loan.

Things to Know About an NPA

  • As indicated by the Reserve Bank of India (RBI) on July 1, 2015, in one of its circular, NPAs are resources that stop to produce income for banks. Such resources are advances or loans on which banks generate the income when home loan borrowers pay the premium and additionally the principal component sum. Banks consider a loan as an NPA in the event that you neglect to pay the premium or pay back the principal amount for a time frame of over 90 days.
  • Banks distinguish an emerging trend in the loan account. At the point when a bank recognizes inactivity in the credit/loan account, this is the notice flag of a standard resource, that is, a credit which does not face issues in the typical course of reimbursement gradually and bit by bit turning into an NPA. Banks arrange such a record as a Special Mentioned Account (SMA) when the EMI stays unpaid for a time of 30 to 90 days after the due date of installment. 
SMAs are categorized into three types after which the asset becomes an NPA.

These are the types of nonperforming assets


  • SMA BUCKET 1 - Although, account reflects incipient stress Principle and Interest payments are not overdue for over 30 days 
  • SMA BUCKET 2 - Principle and Interest payments are overdue between 31-60 days 
  • SMA BUCKET 3 - Principle and Interest payments are overdue between 61-90 days

Banks do everything conceivable to keep an SMA from getting to be NPA. In the event that an SMA does not turn into an NPA, banks can redesign it to a standard resource account. For example, banks would take amending measures if there is a probability that the borrower will pay the EMI and regularize the credit account. Also, if the borrower isn't a resolved defaulter, banks will take rebuilding measures as indicated by the candidate's reimbursement limit.
An asset that is an NPA for a time of over three years or 36 months is dealt with as a lost resource. Such resource has been recognized by the bank or auditors or by the RBI inspection however the sum has not been written off entirely. As such, this is viewed as uncollectible.
It is always advisable to buy a property from a reputed builder like Godrej Verve which is pre-approved so, these discrepancies are avoided.

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