December 19, 2008 – 1:27 am
Existing floating home loan customers groaning under high interest rates can look forward to a more cheery New Year. After setting interest rates at 9.25% for new home loans between Rs 5 lakh and Rs 20 lakh, rates for existing home loans will be reduced as the PLR (prime lending rate) comes down.
Home minister P [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Economic Reasons, Economic Situation, Emis, Existing Home, Finance Portfolio, General Elections, Home Loans, Home Minister, Liquidity Crisis, Lok Sabha, Manmohan, Manmohan Singh, Prime Lending Rate, Prime Minister Manmohan, Prime Minister Manmohan Singh
|
November 18, 2008 – 4:34 am
The liquidity squeeze-induced slump in demand has forced real estate leader DLF to fire some employees, put a number of hotel and housing projects on hold and yearn for 7% home loan rates.
“We must have laid off some employees somewhere,” DLF Chairman K P Singh told reporters on the sidelines of India Economic Summit, but [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Developers., Economic Summit, Estate Leader, Home Loan Rates, Hotels, Housing Projects, india, interest rate, K P Singh, Liquidity Crisis, Real Estate, Sidelines, Slump, Specifics, Supply And Demand
|
November 11, 2008 – 1:44 am
Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force.
“We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred crore [...]
By Rajani
|
Posted in Real Estate News
|
Also tagged Bank Of India, Basis Points, Canara Bank, Confederation, Credai, Home Loans, Interest Rate Cuts, Liquidity, Loan Portfolio, Loan Portfolios, Loan Sales, Prime Lending Rates, Public Sector Banks, Real Estate Developers, State Bank, State Bank Of India, Syndicate Bank
|
Real estate developers see further slump in demand and price correction due to RBI’s move to raise interest rate. Caught between slow demand and rising cost of capital and construction, developers are deferring launch of new projects. Some even fear that ongoing projects may get delayed.
Indiabulls’ group spokesperson Gagan Banga said, “Interest rate hike has [...]
Property Listings