Tag: National Housing Bank

NHB Residex to cover cities with over 1 million population

September 7, 2009 – 1:52 pm

National Housing Bank (NHB) aims to cover all cities with population of over one million under its NHB Residex, which is the country’s first official residential property price index. Currently, the NHB Residex gives relative movement of residential property prices in different localities in fifteen cities. According to Mr S. Sridhar, Chairman of NHB, “By [...]

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RBI works to boost up market

January 3, 2009 – 5:30 am

Unveiling the package moments after the Reserve Bank of India slashed its key policy rates, the government said it was preparing to recapitalise state-run banks to the tune of twenty thousand crore rupees over the next couple of year to ensure the banking system does not suffer from capital adequacy constraints. Speaking on the actions, [...]

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Assocham ask RBI to increase cap

December 11, 2008 – 2:17 am

ASSOCHAM ask RBI to increase the cap on priority sector home loans from Rs 20 lakhs to Rs 40 lakh. The industry body asks RBI to raise the limit in at least the metro cities including Delhi, Mumbai, Chennai and Kolkata as the property prices are increasing at a faster pace in these places. Assocham [...]

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Realtors say, Just in time

December 8, 2008 – 5:59 am

Real estate companies have welcomed the government’s move to ask banks to announce a separate package for borrowers of home loans in the affordable housing segment as part of the overall stimulus plan to revive demand in the economy. “We welcome various measures announced today by the government in its economic stimulus package. These measures [...]

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