government-owned banks
A large number of home buyers in India are awaiting reduction in property prices to get the best real estate deals. In order to reduce the prices, the Finance Minister P. Chidambaram recently directed all government-owned banks to force real estate developers to lower the prices, which in-turn is expected to beat the economic slowdown. [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
The Finance Minister has urged the chiefs of government-owned banks to put pressure on real estate developers to lower property prices. This has been done in order to get the economy moving, which has been hit by a slowdown. In a meeting with bank chiefs, Finance Minister, P Chidambaram, asked the bankers to influence builders [...] Continue Reading »
