Reserve Bank of India (RBI)
The National Housing Bank has scrapped pre-payment penalty on dual rate housing schemes. The Reserve Bank of India, the banking regulator, has already removed pre-payment charges on dual rate schemes. Housing Finance Companies (HFCs) generally charge 2-4 per cent of the loan outstanding as early repayment charges in order to deter customers from closing the [...] Continue Reading »
The realtors welcome the move by Reserve Bank of India (RBI) to cut the Statutory Liquidity Ratio (SLR) by one percentage point from 24 per cent to 23 per cent. The real estate sector, which is struggling due to the combined effects of diving demand, huge debt and piling inventory, is hopeful of positive effect [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
The real estate sector has been lying low due to lesser cash inflow in both the commercial and residential segments, hoping that there will be a change in liquidity levels soon. The macro-economic factors such as high interest rates, high land costs, etc. which have a direct effect on the sector, seem not to improve [...] Continue Reading »
Although Chennai is facing a shortage of 24000 homes in the budget homes segment, Real Estate experts from the city say that there has been a steady demand for budget and luxury properties in Chennai. If sources are to be believed, the properties in the bracket of Rs. 20 to 45 lakhs are the most [...] Continue Reading »
Will there be a pinch for property buyers pocket? Here again! The real estate experts have expressed concerns about the property prices to be increased by 10 to 30 per cent rise in property prices by 2012 and 2013. It does not end here, along with the property prices increasing, many of the apartment projects [...] Continue Reading »
Real estate experts have predicted a downward pressure to be faced especially in affordable and mid-income housing. Central bank has sent a notification to exclude stamp duty, documentation charges and registration charges in concern with ascertaining value of the property. With this kind of notification the property buyers are sure to delay their decision of [...] Continue Reading »
The Cash Reserve Ratio (CRR) rates has been cut down by the Reserve Bank of India (RBI). The Confederation of Real Estate Developers’ Associations of India (CREDAI) is all happy to welcome the cut down of CRR rates by 50 base points. This policy is said to improve the liquidity in the realty sector. Now, [...] Continue Reading »
Indian realty is facing a downfall, developers and builders have lost hope of the realty scenario seeing growth during the year 2012. However, even with such a kind of situation, many of the realty sectors are planning to launch thousands of realty projects. All what the builders are looking forward is for soothing of Reserve [...] Continue Reading »
The realty scenario for the year 2011 was a roller coaster ride. Too many residential projects were paused, with plenty of apartments are still left unsold! The housing finance companies were in a complete dilemma with the interest rates hiked many times during this year. The delay in project execution was a major drop down! [...] Continue Reading »
