Home buyers could arrive back in the Indian real estate market in force after the Reserve Bank of India reduced rates and the cash-reserve ratio requirement. The bank slashed the repo rate by 100 basis points to 5.5% and the reverse repo rate to 4%. Officials also lowered the cash reserve ratio by 50 basis […]
Tag: Stimulus Package
Economy expected to grow in next fiscal
January 7, 2009 – 7:17 am
Expecting a lower economic growth of 6.5-7% for the next fiscal, the government today said that its main priority is to minimize job losses resulting from the global downturn. Minister of State for Industry Ashwani Kumar described the 10 million job loss figure given by the Federation of Indian Export Organizations (FIEO) as “unrealistic”. However, […]
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 […]
Calls grow for Indian real estate market aid
November 13, 2008 – 6:50 am
Indian real estate market associations are ramping up pressure on the government to produce a “stimulus package” to help the sector. Groups like the National Real Estate Development Council (Naredco) are petitioning for new measures to make it easier for foreign property investment firms to buy in India. Hindu Business Line also reports politicians are […]
