December 22, 2008 – 12:45 am
At a time when the global financial crisis is impacting the real estate sector across the globe, NRIs are invariably in a dilemma about where to put their money in real estate.
The local accommodation laws in countries like Dubai have compelled thousands of expatriate Indians to send their families back home due to soaring housing [...]
By rajani
|
Posted in Property News
|
Also tagged Agricultural Land, Attractive Option, Educational Health, Expatriate Indians, Global Financial Crisis, Government Regulations, Greenfield Projects, Home Investments, Housing Costs, Investment Category, Nri Investors, Nris, Pragmatic Approach, Real Estate Sector, West Asia
|
December 16, 2008 – 2:33 am
Home buyers looking for flats on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks on Monday.
Public sector banks announced that home loans up to Rs 5 lakh would be given at a maximum interest rate of [...]
By rajani
|
Posted in Property News
|
Also tagged Boman Irani, Cb Richard Ellis, Confidence Level, Confidence Levels, Drawing Board, Home Loan Interest, Housing Projects, Income Group, Income Housing, Maximum Interest Rate, Mumbai Market, Nashik, Public Sector Banks, South Asia, Virar
|
December 3, 2008 – 1:51 am
Thanks to a variety of witty presentations explaining financial woes afflicting the US via e-mails, everyone today is an “expert” on sub-prime;everyone is risk-averse and everyone who is not affluent is seen as “high risk” and deemed by most as “sub-prime.”
But, there are fundamental differences, both in the economic situation and the customer segment that [...]
By rajani
|
Posted in Property News
|
Also tagged Affordable Housing, Annual Salary, Credit Histories, Customer Segment, Economic Situation, Financial Woes, Housing Market, Indian Population, Indian Scenario, Loan Entitlements, Real Estate Boom, Repayments
|
November 4, 2008 – 11:52 pm
The Reserve Bank of India (RBI) is likely to relax the provisioning norms against loans given to real estate and other sectors. In a meeting with FM P Chidambaram on Tuesday, PSU banks have asked for relaxation of the provisioning norms, without compromising on the quality of credit to utilize their capital more aggressively.
For example, [...]
By rajani
|
Posted in Property News
|
Also tagged Bank Of India, Banking Sector, Corporates, Credit Flow, Gdp, Norms, P Chidambaram, Profitability, Psu Banks, Public Sector Bank, Real Estate Sector, Relaxation, Reserve Bank Of India
|
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 admin
|
Posted in Property News
|
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
|
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 admin
|
Posted in Property News
|
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
|
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 admin
|
Posted in Property News
|
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
|
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 [...]
