Recently Reserve Bank of India has cut its rates by 0.25 per cent. However this has not satisfied the realty developers, who say that the rate cut is insufficient to boost home sales. Reserve Bank of India has recently cut its rates by 0.25 per cent. Though the realty developers welcomed the RBI move, they […]
By skgupta
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Posted in Property News
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Also tagged Assotech, Credai, DLF Group, Housing Industry, housing sector, India Real Estate, Lalit Kumar Jain, Rajeev Talwar, RBI, Real Estate Sector, Sachin Sandhir, Sanjeev Srivastva
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Escalating property prices with zooming interest rates had forced many prospective buyers to postpone their plans of buying a house. However, the recent easing of monetary policy by the Reserve Bank of India (RBI) has brought them relief in at least one aspect-lowering of interest rates. Many public and private sector banks have announced a cut in their […]
The real estate market in Mumbai looks poised for some upswing after going through a lukewarm phase for the past few months. Evidently, there has been a marked increase in sales in March 2012 when 5,776 properties were registered, which is 37% more than the 3,639 registrations in the month of February 2012. Similarly, at least 50 […]
April 28, 2012 – 11:26 am
ICICI Bank, India’s No. 2 lender, posted on Friday a larger-than-expected 31 percent rise in quarterly profit and forecast a higher growth rate for domestic loans and stable asset quality for the coming year. Loan demand in India is expected to pick up after the central bank last week cut its benchmark lending rate for […]
The recent move by the Reserve Bank of India (RBI) in its annual Credit Policy has given some hope for investors in the affordable housing segment. This is being seen as a positive development for the overall property market. While investors remain cautious and wait for banks to announce the lowering of interest rates, realtors are optimistic […]
Healthy office space absorption in 2011-2012 inspite of slowdown in GDP, However 2012-13 seems bleak. Currently, the top seven cities of India that is Mumbai, National Capital Region, Bangalore, Pune, Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space. During 2010-11, a total of 38 mn sq.ft of new space was […]
The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]
Real estate is a significant part of an investor’s pie. It is also a time tested asset, which almost always appreciates except in times of severe economic downtrends, when it’s temporarily affected. In fact, buying real estate for investment purposes and selling it later at a higher price has become very common among investors. Banks […]
By skgupta
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Posted in Property News
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Also tagged Capital gains, CII, cost inflation index, Financial Institutions, LTCG, NBFC, non-banking, RBI, Real Estate, sold property, STCG, tax structure
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Buy or not to buy? Despite a profusion of analyses and research reports on housing prices and their future direction, home buyers remain as confused as ever. So it is little wonder that 37 lakh of flats remain vacant in Maharashtra, of which 4.79 lakh are in Mumbai. The Census Directorate data says that even Thane district has more than 5 lakh […]
By skgupta
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Posted in Property News
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Also tagged Budget, Census Directorate, DCR, development control rules, Home Buyers, Jones Lang Lasalle, Maharashtra, MD, Mumbai, Pankaj Kapoor, RBI, Stamp Duty
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Glitzy tech capital Bangalore just earned a new sobriquet, the costliest Indian city. An analysis of the Reserve Bank of India’s Consumer Price Index (CPI) shows that Bangalore is a couple of notches higher than the all-India cost-of-living average, with financial capital Mumbai just a shade behind. The CPI is a measure of a standard basket of items, including food, clothing and […]
September 9, 2010 – 8:10 am
Since the home buying continues at its full pace even after an impending rate hike by Reserve Bank of India due to which there have been a continuous rise in property prices, the realty industry now is completely free from tensions, i.e, has shrugged off all its worries. Due to the still high food prices, […]
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Posted in Property News
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Also tagged Confederation, economists, food prices, home buying, Investor, pace, Price Hike, Rate Hike, Real Estate Developers, realty industry, residential sales
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April 14, 2010 – 11:03 pm
April 15, 2010 The builders might now suffer with costlier scrounging since Reserve Bank of India (RBI) plans to ask banks to set apart more funds for loans to commercial realty projects. This in turn will force banks to aggrandize the interest rates on such loans. According to senior bankers RBI can take either of […]
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Also tagged Bank Loans, Bank Of India, Borrowers, Cash Reserve Ratio, Commercial realty, Credit Rating, CRR, Indian Overseas Bank, Loan Rates, Prudential, RBI, Realty Firms, Realty Loans, Repo Rate, Risk Weight, Sufficiency
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January 9, 2009 – 1:46 am
Loans extended by banks to hotels and hospitals may no longer be treated as commercial real estate category. The Reserve Bank of India revised norms on real estate exposure where it included loans extended against security of future rent receivables from commercial real estate exposure. The revised norms will not immediately impact banks’ balance sheet. […]
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Posted in Property News
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Also tagged Bank Loans, Bank Of India, Cash Flows, Commercial Loans, Commercial Real Estate, Economic Cycle, Fluctuations, Hospitals, Norms, Real Estate Sector, Room Rents, Stimulus Package
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December 12, 2008 – 6:03 am
During the real estate boom period in US, there was euphoria all around and excessive, speculative investments being made in real estate, oversupply in the market, lenient lending covenants followed by banks- all of which were common practice in Indian boom period as well. While the former precipitated into a sub prime crisis what is […]
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Posted in Property News
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Also tagged Bank Of India, Finance Institutions, Housing Loan, Housing Loans, Latent Demand, Loan Eligibility, Mohammad Asif, Mortgage Institutions, Oversupply, Policy Interventions, Real Estate Boom, Realistic Levels, Risk Management Practices, Speculative Investments
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December 6, 2008 – 12:13 am
India’s troubled realty firms may soon be thrown a lifeline, with the Reserve Bank of India indicating that banks consider providing support to large real estate companies. Recently, the regulator wrote to select banks telling them to assess the financial support given to builders and to finalize a workable solution, a senior banker said. The […]
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Posted in Property News
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Also tagged Bank Of India, Banks, Capital Markets, Commitments, Downturn, Economic Slowdown, Financial Vulnerability, Funding Sources, Indebtedness, Inflation, Interest Rates, Lifeline, Private Equity, Realty Firms, Sectors, Select Real Estate, Workable Solution
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December 3, 2008 – 1:48 am
The government is working on a fresh package of measures to stimulate various sectors of the economy which are facing a slowdown in the wake of the deepening global financial crisis. The stimulus package is to be announced by the end of this week which is being prepared on the directions of Prime Minister Manmohan […]
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Posted in Property News
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Also tagged Apex Group, Bank Of India, Economic Sectors, Economic Slowdown, Finance Ministry, Fiscal Incentives, Global Financial Crisis, Home Minister, Intensive Industries, Manmohan Singh, Montek Singh Ahluwalia, P Chidambaram, Prime Minister Manmohan Singh
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November 16, 2008 – 11:54 pm
Expect the markets to take the Reserve Bank of India’s (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 […]
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Posted in Property News
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Also tagged Bank Of India, Banks, Bonanzas, Capital Values, Electricity Bills, Festive Season, Free Cars, Gold Coins, Home Loan Interest, Home Loan Interest Rates, Loan Interest Rates, Loans, Market Meltdown, Market Mood, Measures, Moderate Level, Property Boom, Property Developers, Real Estate Sector, Realtors, Risk Weights, Rupee Exchange Rate, Slowdown, Stamp Duty, Worldwide Financial Crisis
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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 […]
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Posted in Property News
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Also tagged Bank Of India, Banking Sector, Corporates, Credit Flow, Gdp, Home Loans, Norms, P Chidambaram, Profitability, Psu Banks, Public Sector Bank, Real Estate Sector, Relaxation
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October 30, 2008 – 7:25 am
With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such […]
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Posted in Property News
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Also tagged Bank Of India, Debt Market, DLF, Global Credit Crunch, Jones Lang Lasalle, Purse Strings, Real Estate Developers, Real Estate Investments, Real Estate Sector, Real Estate Slump, Ticket Size
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August 28, 2008 – 5:45 am
The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia. The agency suspects that some Indian companies that bought large plots in […]
By admin
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Posted in Property News
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Also tagged Bank Of India, Cnn, Economic Crime, Enforcement Directorate, Foreign Exchange Management, Goa, Goa Government, Jones Lang, Land Transactions, Portuguese Influence, Prime Land, Property Consultant, Russian Land, Russian Nationals, Tourism In Goa, Tropical Biodiversity
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August 26, 2008 – 12:52 am
Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build […]
By admin
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Posted in Property News
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Also tagged Bank Of India, DLF, Gayatri Projects Ltd, Gvk Industries, Infrastructure Companies, Infrastructure Development, Infrastructure Investments, Inter State, Market Capitalization, Nagarjuna Construction, National Highways Authority, Omaxe Ltd, Real Estate Sector, Realty Firms, State Highways
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With RBI hiking the repo rate, home loans under the floating rate regime have witnessed a hike of .75 %. Leading housing finance providers like HDFC and ICICI Bank have again raised the interest rates. Who spares a thought for the loanee?. HOME LOANS have again become dearer, no thanks to the hike in interest […]
By admin
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Posted in Property News
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Also tagged Bank Of India, Finance Providers, Hdfc, Home Loan Provider, Housing Loans, Icici Bank, Interest Rate Hike, Interest Rates, Rate Home Loans, RBI, Repo Rate
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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 […]
By admin
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Posted in Property News
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Also tagged Bank Of India, Cb Richard Ellis, Central Government, Dhaka, Home Loans, Mortgage Rates, Mumbai, Oil Price Hike, P Chidambaram, Parsvnath Developers, Property Developers, Repo Rates, Residential Property, Union Finance Minister
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ICICI fell 2.4% to 686 rupees, its lowest in almost two years. DLF declined 3.8% to the lowest since it began trading in July. The Bombay Stock Exchange’s Bankex Index lost 3.3%, and the real estate index shed 4%. The Reserve Bank of India unexpectedly lifted interest rates the second time in two weeks and […]
Panaji, May 28: Directorate of Enforcement has initiated show-cause notices against the foreigners who have brought properties allegedly in the state violating of Foreign Exchange Management Act. The notices issued directly to the parties and also through the state government has asked why their properties involved in the contravension of the FEMA should not be […]
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Also tagged Adjudication, Anil Kumar, Bank Of India, Central Government, Documentations, Doe Issues, Fema, Foreign Exchange Management, Government Account, Grim Reality, Legal Practitioner, Management Act, Panaji, Portuguese Colony, Properties In Goa, Section 13
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