repo rates.
Mr. C. Shekhar Reddy, President Credai-National, says that the real estate sector has been witnessing high input costs, high cost of funds and a moderate demand over the last few months. The real estate sector has been neglected and requires immediate concern to develop confidence. Mr. Anuj Puri, Chairman and Country Head, JLL India, says [...] Continue Reading »
CREDAI says that interest rates have increased and the hoped rates would come down in near future which motivates the economic growth as well as housing demand. Mr. Lalit Kumar Jain, Chairman of Confederation of Real Estate Developers’ Associations of India (CREDAI), says that this is positive step as it indicates that interest rates will [...] Continue Reading »
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it. The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates [...] 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 »
