November 17, 2008 – 5:37 am
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 Arun [...]
October 22, 2008 – 5:16 am
According to HDFC chairman Deepak Parekh, lending rates would ease only after deposit rates come down, which will take some time to happen. The statement comes at a time when most people hoped that banks would start lowering their lending rates, following the recent repo cut by the Reserve Bank of India (RBI).
Welcoming the liquidity [...]
With real estate stocks being hit adversely by the market slowdown, the phenomenon is expected to have a spiraling effect on hospitality development in India. Most real estate majors with a series of hospitality developments in their portfolio are affected by this trend. This may lead to a stall or delay in the completion of [...]
By Rajani
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Posted in Real Estate News
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Also tagged Alteration, Decline, Development Finance, Downfall, Finance Company, Financial Market Analysts, Hospitality Consultants, Hospitality Developments, Hotel Development, Hotel Projects, Idfc, Infrastructure Development, Liquidity, Majors, Market Slowdown, Phenomenon, Project Expenditure, Share Prices, stocks
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The pursuit of higher returns, as the stock market tanks, has investors searching different other investment options outside the conventional bank deposits. One such avenue that has caught the interest of several investors in recent times, especially in the tier-II towns of the South, is the fixed deposits offered by big jewelry chains.
These jewelry chains, [...]
By manish
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Posted in Real Estate News
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Also tagged Bank Deposits, Conventional Bank, Depositors, Fixed Deposits, Investment Options, Investors, Jewelers, Jewelry Chains, Kerala, Market Tanks, Real Estate Boom, Tier Ii
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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, Inflation, Loan, Public Sector Banks, Repayment Rate, Sbi, Union Bank
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February 1, 2008 – 1:29 am
People who are disappointed by the RBI decision to hold rates, especially since it is now more fashionable to cut rates are not right. But, Dr Reddy is doing the sensible thing, say experts.
As the RBI’s quarterly meeting approaches, most editorials and columns favored lower interest rates. Their reasons were simple - domestic growth has [...]
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