Latest Answer: Currently, demand in the real estate sector has remained flat for long time. While it is expected to improve, with interest rates on housing loans declining and property prices softening. Few developers too believe that demand is expected to bring around from the 4th qtr of this financial year.
Latest Answer: It is really a good move by the RBI. SBI slashed its lending rate by 0.40% within a couple of hours of rate cut by the Reserve Bank of India. The largest private sector lender ICICI Bank also hinted at cutting its base rate by at least 0.25%.
It clearly shows that interest rates will come down, base rates will come down. A large part of the cut will get transmitted.
Q:Right after the RBI's decision to keep the repo rates unaffected, 3 ace Indian Banks, which include the State Bank of India, ICICI and HDFC, leaders in the private sector, have cut their base lending rates.
Latest Answer: Earlier, this year, there is a significantly rate cuts (twice) by the bank effect the realty market as sales in Pune have settled down over the last 3 qtrs, and the most strength being seen mainly in the budget homes segment. This clearly indicates that the market is manipulated towards budget homes, and reduction in interest rates is a critical factor in affordability. I expect to have sales momentum to start lifting clearly, and also believe that more rate cuts will follow on the heels of the stronger economic signals being felt in the country.
Q:Good news for realty player!!!! The repo rate cut by the central bank could signal the beginning of the change for real estate industry that has been hit by slowing sales and a massive liquidity crisis over the past 2 years.
Latest Answer: As per Pankaj Kapoor, managing director of property research firm Liases Foras, pointed out that in cities like Mumbai and Bengaluru, where there is higher end-user demand, marginal improvement in sales could come in faster. But the National Capital Region will take time.
In addition, property prices are expected to be motionless for the next year or two, which will help in repairing the affordability gap that exists in most markets today.
Q:How the increased repo rates are going to affect the real estate market? Although the finance expert were telling that the Repo rates will remain stagnant but however the Repo rates have been increased by 0.25 percent.
Latest Answer: I was about to apply for a home loan as I am planning to buy an apartment in Bangalore. I think now banks have increased their interest rates.