Reserve Bank of India
New Delhi- Reserve Bank of India (RBI) has softened norms to allow realty firms and brokers to apply for banking licenses. The RBI final guidelines are likely to be announced by February end. According to sources, these guidelines seem to strand reservations for realty firms and brokers. RBI had released draft guidelines in August 2011, [...] Continue Reading »
Reserve Bank of India (RBI) is set to cut the CRR as well as repo rates and bank lending rates to increase liquidity in the system. With this initiative, developers in Mumbai are hoping that with the coming Union Budget 2013, it will improve investment volumes and general growth across real estate sector in Mumbai. Some of [...] Continue Reading »
Delhi- Focusing towards the requirement of the middle class buyers, the upcoming budget is likely to give a boost to the affordable housing sector. The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, [...] Continue Reading »
New Delhi- Real estate in India, in the present year 2013, seems to have a good start with many new launches, interest rate cuts, and quicker project approvals in progress. Finance minister P Chidambaram identified that many incomplete stalled projects could be resumed construction if supported by financial institutions. Reserve Bank of India (RBI) is [...] Continue Reading »
Now, real estate brokers and agents may be allowed to apply for bank licenses. In a recent proposal, the Reserve Bank of India (RBI) may set aside reservations on real estate firms and brokerages and allow them to obtain license. The proposal will be formalised in the central bank’s final guidelines but there is no certainty yet [...] Continue Reading »
Godrej Properties Ltd the real estate arm of Godrej group posted a 24% rise in net profit to Rs. 35.4 crore in the December quarter from a year ago.the real estate firm is riding on the success of new project launches. In 2012 the profit increased by 78 percent in revenue to Rs.266.4 crore. Godrej [...] Continue Reading »
Now, investors are shifting bases from current projects to new positions in real estate sector. This is happening even when a few luxury housing projects were sold off within days of their launch. Over the past three months, stocks of real estate companies have come up to 30-50% thinking that declining interest rates will help [...] Continue Reading »
New Delhi- Reserve Bank of India (RBI) has announced reduction in short-term lending rate by 0.25 percent to 7.75 per cent. This move is expected to lead to reduction in interest rates for buyers and builders. RBI has also cut Cash Reserve Ratio (CRR) to 4 percent, releasing Rs 18,000 crore primary liquidity into the [...] Continue Reading »
Indian banks are allowed to issue 30-year fixed rate home loans under the priority sector category in order to make loans more affordable, announced a Reserve Bank of India panel. A rating agency issued a warning that banks were lending long-term loans with one-year deposits due to which asset-liability mismatches are significantly high for some [...] Continue Reading »
New Delhi- Real estate being beaten by decreasing demand owing to high interest rates and economic slowdown has demanded for infrastructure status for the housing sector in the Budget for 2013-14. If given the infrastructure status, the sector would gain of tax benefits and easier flow of funds. At least the affordable housing sector should [...] Continue Reading »
