Home loans
The Sanghvi Group of Companies has evolved into one of the most prominent real estate developers in Mumbai. Director of Sanghvi Group of Companies welcomed the new credit policy of the Reserve Bank of India. The group feels that the reduced cost of accessing funds by developers will aid in accelerating project execution which were [...] Continue Reading »
The real estate developer community has welcomed the Reserve Bank of India’s decision on reduction on repo rates. The builders association has expressed their concern that the decision will benefit both the real estate buyers and the developers. The CREDAI president said that the commercial banks should cut rates of interest so that home loans [...] Continue Reading »
The real estate analyst are expecting to see improvement in fresh launches at NCR region which will be a strong catalyst for better sales among NCR based developers. The liquidity management will remains a big challenge for realty players in the Financial Year 2012-13. However with the increment of new launch, the inflow will also [...] Continue Reading »
The Reserve Bank of India reduced the repo rate by 50 bps to 8%. With this decision the loans are likely to get cheaper. After 13 consequent increases since 2010, the RBI has finally reduced the Repo Rate for the first time. According to RBI governor, the liquidity conditions are moving towards normal after several [...] Continue Reading »
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 »
The home buyers as well as the builders are disappointed by the proposals of the state budget of Maharashtra. The price of real estate properties were increased several times in past one year. The increased rate of home loans also added burden on the home buyers. Now the latest announcement of imposing additional 5% stamp [...] Continue Reading »
According to the different Realtors, the union Budget 2012 came up as a disappointing budget for the middle range of home buyers. Due to the rise in service tax the cost of construction of real estate projects will increase by Rs 50 to 150 per square feet from the coming April, 2012. External commercial borrowing [...] Continue Reading »
As the dates of the Union Budget is approaching closer, the thoughts among the realty builders and associations are concentrating on the upcoming announcements in the budget. The Confederation of Real Estate Developers Association of India (CREDAI) is looking forward for the government to announce reduction on interest rates of housing loans. The interest rates [...] Continue Reading »
The industry status is what the property consultants are demanding in the upcoming realty budget! Tax exemption on home loans and incentives to promote affordable housing segment is all what the real estate players are demanding for! Also, the realty players want to create a demand for retail space in shopping malls for the Foreign [...] Continue Reading »
After State Bank of India, ICICI Bank and Central Bank of India, Punjab and Sind Bank has followed suit avoiding pre payment penalties. Now borrowers who have taken home loans from these banks can pay before the time without worrying about the penalties. This initiative was taken viewing the borrowers will to repay the loan [...] Continue Reading »
