Interest rates
Ghaziabad real estate has plummeted by more than 10 per cent, as an outcome of the economic slowdown. Builders and developers are unable to reduce the ever increasing input costs which further lead to a hike in equated monthly installments (EMIs). Along with rising input costs and EMIs, other factors such as rising interest rates, higher land [...] Continue Reading »
Due to an increase in property prices and poor salary increments, home sales witnessed a slump in New Delhi. Manas Tripathi, an executive at a Delhi-based car company, said since property prices have gone up and only 5 per cent of increment in salary, he is not able to take a huge housing loan. He [...] Continue Reading »
Real estate in India has become a trend of non-performing asset classes. Real estate has outperformed equities, currency and bonds by a wide margin. It is noticed that the factors that go into driving real estate prices are definitely negative and will continue to remain negative going forward. The factors include lending rates and terms, [...] Continue Reading »
The Reserve Bank of India said that it has more headroom to reduce rates following a drop in oil prices which reduces pressure on inflation. RBI deputy governor said that the central bank today has more room to cut interest rates. Factors suggesting more room are growth somewhat lower than expectations that may have a [...] Continue Reading »
Maharashtra Chamber of Housing Industry thinks commercial banks should cut interest rates so that home loans will become affordable. The cost of real estate properties were higher because of high cost of funding. The builders association also welcomed the RBI decision to scrap pre-closure of loans. It is a wise decision for a stagnating economy [...] Continue Reading »
The Housing Development Finance Corporation (HDFC) banking sector is on a pace of dropping down the interest rates of home loans. It all depends on Reserve Bank of India (RBI). If RBI goes for a dip down in interest rates, HDFC is sure to follow up the same with home loan categories. In concern with [...] Continue Reading »
The development control regulation made some changes in the regulation and follow up to this several projects will be launched in next few months. This leads to clearing the projects which were pending from long time. According to a real estate research organization there are more than 1lakh unsold apartments in the Mumbai region. Hence [...] 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 »
Metro cities has seen a slow down in demand in the residential realty sector in the recent times. This is due to the fact that there has been a lot of hike in property prices and rise in interest rates. According to a report, Delhi-NCR has topped the list of unsold flats at 102,758 units, [...] Continue Reading »
2011 is now known as the year of high home loan rates. Never before the loan borrowers had faced such a rapid hike. Simultaneously, year 2011 will be known for aggressive property buying in peripheral and suburban areas of cities across the country. The high interest rates ended up the developers to sell the properties [...] Continue Reading »
