Tag: Inflation

RBI cuts repo rate might be good news for realtors

RBI has cut the repo rate by 100 bps to 8%. This is effective immediately. The Finance Minister, P Chidambaram said that the repo rate cut will help in moderating inflation. This is a positive move which will enthuse both borrowers and investors, Mr. Chidambaram added. The RBI’s move is consistent with the government’s aim […]

Mahindra Lifespaces Mulls Entering Affordable Housing Segment

Mahindra Group’s real estate arm Mahindra Lifespaces is likely to join the ‘affordable’ housing bandwagon in a year, aiming the middle-income group. “We are looking at opportunities to enter into the affordable housing sector, but it is still at the discussion stage. It may take one year to concertise the plan,” Mahindra Lifespaces Managing Director […]

Fluctuation And Deviating Real Estate Prices

The question that bothers a lot of prospective home buyers is whether they will miss the bus if they wait any further. However, the right question should be: Can I afford to buy a house today? Even if you are one of those blessed ones, the thought should be: Is it a fair price for […]

Realty Feeling Heat Of Market Meltdown

The real estate sector seems to be at the receiving end of the market meltdown, with the DLF scrip ending below its issue price. For the first time after its listing, the stock of India’s largest real estate developer closed below its issue price of Rs 525 at Rs 519.95. Although it was closing at […]

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 […]

Loans to get cheaper as SBI cuts rate again

SBI has decided to cut the home loan repayment rate. After going up for months, EMIs are set to come down. This follows a decision by four public sector banks, led by SBI, to cut their prime lending rates further by 0.25% to 0.50%. SBI’s new PLR will be 12.25%, effective from February 27. Canara […]