Inflation
The Reserve Bank of India (RBI) has denied the request of banks to allow them to restructure real estate loans without providing for likely losses if the loans go bad. A loan is said to be restructured when the original terms of the agreement (interest rates, tenure) are diluted in order to support troubled borrowers [...] Continue Reading »
Keeping an eye on the hardening inflation, the Reserve Bank of India (RBI) has cut the cash reserve ratio (CRR) by 25 bps. RBI left the key interest rate unchanged and the 0.25% reduction in CRR is done to infuse additional liquidity that will inject Rs 17,500 crore into the financial system. Accordingly, the CRR [...] Continue Reading »
Statistics show that Public sector banks are facing the problem of high delinquencies in the home loan segment up to Rs 5 lakh. High interest rates and sticky inflation have hampered the ability of small borrowers to service home loans. Home loans in two slabs — up to Rs 2 lakh and Rs 2-5 lakh [...] Continue Reading »
In the wake of rising inflation index, purchasing properties and paying electricity bills are set to become expensive. The electricity bills, especially on commercial establishments, are expecting to rise by around 15 per cent. The DM circle rate is set to witness a rise of 10 per cent to 20 per cent. The new DM [...] Continue Reading »
The demand for commercial spaces in Mumbai city has dropped down! The real estate analysts have predicted 15 per cent drop in demand based on rising interest rates and global crisis. Also, one of the reports by global property advisors DTZ say that the demand for office spaces in the commercial realty sector during the [...] Continue Reading »
Mangalore claims a tremendous growth in residential realty segment during 2011. Midst increase of bank interest rates, cost of raw materials and inflation, the realty is sky high in Mangalore. The increase has also hit the realty sales, however the confidence in the developers, builders and the property buyers has resulted in growth remained stagnant [...] Continue Reading »
Many buyers and investors favour Pune compared to other major cities in case of real estate sector. The main reason is due to hike in property prices, rigid government procedure and less demand in other cities. According to a report presented by Liases and Foras, a real estate research firm, there has been a negative [...] 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 »
Mangalore sounds to be interesting midst property buyers from whole of India constantly complaining about getting pressurized from high interest costs and inflation. Meanwhile, Mangalore is thankful to its domestic and NRI property buyers. Mangalore’s first skyscraper is selling of flats for the rate of Rs 800/square feet. CREDAI experts claim that there is a [...] 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 »
