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Real Estate Forum on Rates

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Was there a hike in interest rates in 2011? If yes did the hiked interest rates affect the developers?

Latest Answer: In 2011, the biggest concern for home buyers has been the high interest rate. According source, there was 13 interest rate hikes on home loans in 12 months. But this is also an year for property buyers where started buying aggressively in the peripheral and suburban areas of cities across the country in search of lower cost apartments and better lifestyle features. In 2011, developers have been forced to continue development, knowing the buyers will enter at the end of the development cycle.
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Q: I heard that the property rates in Mumbai has come down? What percent of property rates have come down?

Latest Answer: According to sources, it is found that the property rates have gone down drastically by 20 percent. The city developers and the builders are in huge loss and they are clearing all the un-sold and un-used properties by giving discounts.
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Also see discussions for
Q: Where is the 100acre land located? Who has instructed to give the land to the department and what are the rates of the land?
Latest Answer: The land was located at the corridor of Indore. The Indore Development Authority instructed the state government to hand over the land to the IT department.
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Q: I heard that RBI has planned not to increase the interest rates. Why is it so?

Latest Answer: This year RBI has hiked interest rates 13 times which in turn dampened the demand for home loans and the realty sales. So for the first time RBI has paused the hike.
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Q: What is the status of the realty rates of 2011 in Thane?
Latest Answer: Thane city have faced a major drop down in the sale of apartments as well as in the commercial space. The housing units or commercial space sold or resold have fall drastically.
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Q: What is the status of realty rates in Tire I,II and III?
Latest Answer: The realty rates in Tire I is going down but in Tire II and III the realty rates are rising up.
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