November 3, 2008 – 12:01 am
The RBI’s rate cuts alone may not stimulate the sluggish residential market. Experts feel that developers may have to further cut prices to bring buyers back into the market. Meanwhile, as a result of drastic fall in home sales, higher capital and construction cost, most developers have reported decline in revenue in September quarter.
“We are [...]
By Rajani
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Posted in Real Estate News
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Also tagged Abhilash, Affordability, Construction Cost, Drastic Fall, Dtz, Global Financial Turmoil, Home Buyers, Home Loan Rate, Home Loan Rates, Home Loans, House Of Correction, Lower Mortgage, Market Experts, Mortgage Rates, Realty Market, Residential Market, Rohtas, Stock Market Crash
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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 [...]
September 19, 2008 – 4:57 am
The department of industrial policy and promotion (DIPP) and the Reserve Bank will shortly meet to evaluate the situation arising out of Lehman’s collapse, as the US giant has $500-million investment in Indian real estate projects.
Foreign investment norms for real estate do not allow repatriation of funds within three years of investment. The RBI-DIPP meeting [...]
By Rajani
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Posted in Real Estate News
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Also tagged Bust, Collapse, Estate Assets, Estate Projects, Foreign Investment, Foreign Investors, Giant, indian real-estate, Investment Norms, Investor, Lehman, Periods, Repatriation Of Funds
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The savvy Indian investor is no longer content with restricting his investment horizon to the equity or property markets at home. A growing number of Indians are now buying property abroad and also taking an exposure to stocks of foreign firms and debt products. Hard numbers are a testimony to this fact.
From a mere $9.6 [...]
By Rajani
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Posted in Real Estate News
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Also tagged Acquiring Property, Bank Of India, Capital Inflows, Chip Firms, Debt Products, Forex Reserves, High Net Worth Investors, Indian Investors, Investing In Stocks, Investment Horizon, Leeway, Liberalization, Property Markets, Property Stocks, Reserve Bank Of India, Structured Products
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With interest rates remaining high and real estate prices yet to show any decline, the growth in demand for housing loans is on the decline. The growth in housing loans, which was 25.8% (Rs 46,019 crore) during the period ended February 16, 2007, has declined to 12% (Rs 26,930 crore) during the period ended February [...]
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 19, 2008 – 6:25 am
Reserve Bank of India plans to chalk out rules for companies dealing with credit card business and recommends making it obligatory for all players to register themselves with central bank prior to operating as issuers. Mr. V Leeladhar, RBI deputy governor, said “The regulations will have to be drawn out…They (companies) have to register”.
Credit card [...]
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