October 21, 2008 – 2:11 am
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 [...]
By Rajani
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Posted in Real Estate News
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Also tagged Borrowers, Finance Minister, Global Markets, Investors, Liquidity, Loan Rates, P Chidambaram, Realtors, Realty Companies, Stock Markets, Stock Prices
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September 25, 2008 – 11:14 pm
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 and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Affordable Housing, Asset Class, Bandwagon, Chief Executive Officer, Gap, Housing Shortage, Income Group, Income Groups, Indu Projects, Managing Director, Margins, Omaxe Ltd, Planning Commission, Private Developers, Puravankara, Real Estate, Real Estate Sector, Shortfall, Shriram Properties
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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 [...]
By Rajani
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Posted in Real Estate News
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Also tagged Blessed Ones, Can I Afford To Buy A House, Disposable Income, Driving A Car, Emi, Fluctuation, Gross Income, Incomes, Lakh, Living Expenses, Loan Size, Low Interest Rates, Prospective Home Buyers, Real Estate Boom, Registration Charges, Right Question, Rs 1, Rs 50, Stamp Duty
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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 all-time [...]
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 that [...]
February 21, 2008 – 3:41 am
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 [...]
By Rajani
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Posted in Real Estate News
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Also tagged Bank Of India, Borrowers, Canara Bank, Car Loans, Economy, Home Loans, interest rates, Loan, Public Sector Banks, Repayment Rate, Sbi, Union Bank
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