RBI
India has witnessed a rise in number of NRIs investing on properties. The dollar appreciation has given a further push to demand from NRI’s for investment in residential properties. With the real estate becoming cheaper for NRIs, many seek to invest in residential properties in two-tier cities such as Pune, notes Om Ahuja, CEO – [...] Continue Reading »
The Reserve Bank of India has doubled the limit for home loans to Rs 10 lakh for consideration under priority sector lending. This decision will encourage the EWS people for buying housing properties in India . In a notification RBI ordered to extend the bank loan limit to non-governmental agencies for the purpose of construction or [...] Continue Reading »
The demand for property has been robust in Chennai in terms of commercial and residential properties. The demand for apartments in Chennai are increasing as the cost of properties are in budget range of Rs 20 lakh to Rs 40 lakh. The builders association has pointed out that there is a shortage of 24,000 homes [...] Continue Reading »
The RBI has announced to reduce the repo rate. This decision has raised the hope of the real estate market in Tricity. The real estate in Tricity have seen a major slowdown in last year. The rate cut by RBI will help the buyers to invest into the residential projects. The realty market in Tricity [...] Continue Reading »
The State Bank of India Chairman said that the bank is not planning to reduce the lending rate immediately. As the base rate of interest of SBI is lowest in the capital market, they are not interested in reduction of home loan interest. The SBI is also not planning to reduce the deposit rates. According [...] Continue Reading »
The builders of Mumbai and NCR have suddenly stopped bargaining on the cost of apartments in Mumbai. There are several incidents happening now a days where builders are withdrawing any discounts proposed earlier. The recent repo rate cut by the Reserve Bank of India has made real estate developers hopeful that sales would pick up [...] Continue Reading »
The big players of the real estate in Indore are highly motivated after the rate cut decision taken by the Reserve Bank of India. The builders of Indore are expecting a rise in demand of apartments in Indore as the home loan interest likely to be cheaper. With higher inflation rate the prospective home buyers [...] Continue Reading »
Though the Reserve bank of India has reduced the key interest rates by 50 basis points, experts think, the decision is not adequate to make housing loans affordable. The property advisors says that, ‘it is unlikely that property prices will come down because of this rate cut, and it is the price of properties that [...] Continue Reading »
The real estate industry is very much sensitive to the home loan interest rate. With the RBI decision to cut key lending rates by 50 basis points, builders and home loan customers will be benefited. The reduced cost of borrowing is expected to be passed on partially by banks to borrowers in the form of [...] 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 »
