High interest rates
Surprising to hear that there has been no fluctuations witnessed in the Nashik real estate market. Midst the whole of India is literally bearing the burnt of soaring property prices and high interest rates on home loans. The real estate in Nashik is stable! Meanwhile, the government had introduced government resolution (GR) in which mandatory [...] Continue Reading »
Come whatsoever, Gurgaon real estate market is still holding its roots inspite of high interest rates. None of the factors could shake the Gurgaon market and the number of property registrations prove this. The average number of property registered in a month in 2009 was about 2303 which increased to 3236 in 2010 and maintained [...] Continue Reading »
Constant raise in interest rates has resulted in the investors to move out of the realty market. However, property buying has not stopped completely but it has moved on to the suburbs and peripheral areas in all the cities. According to real estate experts around 57 percent of the property buyers have already started investing [...] Continue Reading »
Whole of India is fed up with the rising property rates meanwhile, Chennai witnessed a highest rise in property sales. Chennai’s central business district say price increase is only due to surging demand. Chennai hotspots like; T Nagar, Nungambakkam, Adyar, Anna Nagar and Kilpauk have witnessed raising property sales despite economic slowdown, inflation and high [...] Continue Reading »
Diwali in India used to record 10 percent profit every progressive month in home loan sectors. However the same time prevails no more as this Diwali recorded a flat income in home loan sales. The housing finance sectors were astonished to face a bad breakdown as this happened never before in the history. Central Bank [...] Continue Reading »
The country’s leading realty consultant Jones Lang LaSalle pointed out that the projects would be delayed, unsold housing stock will rise and developers might have to offer new projects at 10-15 per cent discount, all because of a slowdown in property demand. Indian real estate sector is likely to see a gloomy phase in the [...] Continue Reading »
According to RBI data, the growth in outstanding credit of banks, under priority sector housing loans, halved to 6.80 per cent in April, against 11.90 per cent in the year-ago period. SBI, the country’s largest public sector bank, expects a moderation in the growth in home loans. Close to 30 per cent of the home [...] Continue Reading »
