Tag: Loan Interest Rates

Impact of DTC Revision on Real Estate

On June 15, the revised draft for the Direct Tax Code was released. This code is a try by the Indian government to simplify the laws of income tax. The government is waiting for the Parliament to pass the code and plans to adopt it from April 1, 2011. Below is the list of some […]

Reddy seeks more aid for real estate

With an aim of reversing the slowdown, Urban Development Minister Jaipal Reddy has sought an additional package for the real estate sector. In a letter to the Prime Minister, Reddy has stated that “more needs to be done to reverse the slowdown facing the sector”. Suggesting a slew of measures, Reddy has submitted a note […]

Why will banks lend more to realtors in times of accelerating slowdown?

Expect the markets to take the Reserve Bank of India‚Äôs (RBI) persuasive moves on Saturday to direct lending to real estate sector with a pound of salt. The simple point being, when current loans are under distress, why will banks lend more to realtors in times of accelerating slowdown? Also, all the measures announced are […]