economy slowdown
As a result of funding gap, many housing projects have been shut down and as a result, economy has slowed down. The government has directed many banks across the state to unblock values of stalled projects and provide financial dose to turn them viable. National housing bank (NHB) decided to begin the search for the [...] Continue Reading »
Experts say that the present slowdown in the economy can be turned to a projected growth with a revival in the real estate sector. When India’s economic growth had slowed down to 6.7 per cent in 2008-09 from 9.3 per cent in the previous year, the revival of the real estate sector with a growth in [...] Continue Reading »
State Bank of India’s (SBI) home loan portfolio grow by less than 2% in the three months ended June – its lowest sequential, or quarter-on-quarter, growth in five quarters. The portfolio stood close to Rs1,05,000 crore as of June 30, compared with Rs1,02,739 crore as of March 31, according to a senior official at the [...] Continue Reading »
