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 […]
Tag: Liquidity Crisis
DLF freezes projects
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, […]
Morgan Stanley stays optimistic on Indian realty
November 18, 2008 – 3:44 am
The global economic slump and downturn in the real estate hasn’t deterred Morgan Stanley Real Estate from going ahead with its India plan. It’s planning to invest an additional $1 billion over the next five years and has recently formed a large team for Indian operations. These investment plans—the company had earlier invested about $750 […]
Indiabulls Real Estate surges 22%
October 21, 2008 – 6:20 am
Shares of Indiabulls Real Estate surged over 22% to Rs 131.15 on BSE Tuesday, while Indiabulls Financial Services climbed over 7% to Rs 105.60 after the company assured of not having any non-performing loan in its portfolio. The financial services company reported a net profit growth of 21.4% to Rs 136 crore for the second […]
