September 4, 2008 – 4:55 am
Affected by slowdown and reported corrections in prices, the country’s real estate industry predict growth in the long term despite costly home loans and lack of funding for realty projects.
According to a most recent study by Ernst & Young and FICCI on the country’s real estate scenario, about 62% of the respondent developers expected [...]
By manish
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Posted in Property News
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Also tagged Affordable Housing, Consensus, Current Projects, Delivery Mechanisms, End Users, Ficci, Geographies, Hospitality Industries, Investment Activity, Land Values, Mid Term, Mixed Reactions, Real Estate, Real Estate Sector, S Real Estate, Slowdown, Valuations
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Real estate firm Parsvnath Developers Ltd expects stake dilution in individual projects to help it control its debt and hold margins in a rising interest rate regime, a top official said.
The New Delhi-based developer reported a 16% drop in first quarter net profit at 712.9 million rupees. Net sales were also disappointing, up just 5% [...]
By manish
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Posted in Property News
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Also tagged Basis Points, Cost Of Borrowing, Hotel Projects, Input Costs, Interest Costs, Parsvnath, Private Equity Deals, Real Estate Developers, Real Estate Developers In India, S Central, Special Economic Zone, Unfinished Projects
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Country’s largest lender State Bank of India on Tuesday said that it would review the interest rates on home loans in the next 10 days. SBI Chairman O P Bhatt told, “We are still examining the market condition and will take a view on home loan rates in another week or 10 days”.
SBI had increased [...]
Union Finance Minister P Chidambaram has said the double digit inflation will continue for some more weeks.
The Central Government as well as the Reserve Bank of India is not going to hesitate in taking more steps to control towering prices, if the need arises with the markets also reacting adversely to the two major concerns [...]
By manish
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Posted in Property News
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Also tagged , Bank Of India, Cb Richard Ellis, Central Government, Dhaka, Mortgage Rates, Mumbai, Oil Price Hike, P Chidambaram, Parsvnath Developers, Property Developers, Repo Rates, Reserve Bank Of India, Residential Property, Union Finance Minister
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Renting a house in Bangalore is as easy as never before. Thanks to notable increase in the rate of urbanization in this part of the country. Often Bangalore is termed as the IT capital of India. Many IT professionals come to Bangalore for various training activities as many IT majors have their head quarters located [...]
