Tag: Manmohan

Floating interest rates will come down

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 […]

Real Estate Firms Look At Diaspora

In these times of economic slowdown, Indian companies, especially real estate firms, are looking at diaspora in the Middle East for investment. The government kick-started a series of “investment meets” last week in Muscat that had major Indian firms hard selling India’s economic stability to the diaspora. The Muscat meeting, held under the aegis of […]