Tag: Housing loan

Assocham ask RBI to increase cap

ASSOCHAM ask RBI to increase the cap on priority sector home loans from Rs 20 lakhs to Rs 40 lakh. The industry body asks RBI to raise the limit in at least the metro cities including Delhi, Mumbai, Chennai and Kolkata as the property prices are increasing at a faster pace in these places. Assocham […]

Realtors say, Just in time

Real estate companies have welcomed the government’s move to ask banks to announce a separate package for borrowers of home loans in the affordable housing segment as part of the overall stimulus plan to revive demand in the economy. “We welcome various measures announced today by the government in its economic stimulus package. These measures […]

Real-Estate Sector does not see boost in Government’s Package

The real-estate sector does not see any boost in government’s package. The 4% Cenvat reduction on all non-petroleum products will bring down steel prices by Rs 1,000 to Rs 1,500 which in turn may lower prices in the real-estate sector where steel is a basic input. But real-estate industry today passionately said that the stimulus […]

No slowdown in realty projects

Mahindra and Mahindra on Monday said there is no slowdown in its real estate projects, even as there is a slump in demand. “We are not slowing down on any of our projects. Jaipur is rocking, Chennai is doing well, city-based projects such as Faridabad are also doing well,” Mahindra and Mahindra Ltd Executive Mr […]

Housing Loan Growth Rate Drops By More Than Half

With interest rates remaining high and real estate prices yet to show any decline, the growth in demand for housing loans is on the decline. The growth in housing loans, which was 25.8% (Rs 46,019 crore) during the period ended February 16, 2007, has declined to 12% (Rs 26,930 crore) during the period ended February […]

Govt Recognizes Public Demand For Lower Home Loan Rates

The government on Thursday acknowledged that there is public demand that interest rates on home loans up to Rs 20 lakh should be slashed, but said it is for the banks and RBI to take a call. During his post-budget interaction with Assocham, Finance Minister Mr. P. Chidambaram said, “I shall certainly bear in mind […]