Latest Realty News

Builders seek lower rates, reforms
May 22, 2014
PUNE: The change of power at the Centre and some immediate policy moves can reinvigorate the moribund real estate sector, the developers and builders in the city have said.
Where to focus when building your dream home?
Feb 08, 2014
DELHI: Karan, a money-conscious individual, had managed to accumulate enough funds while working as a software engineer in Delhi and decided to invest them in his dream home. He was aware of the process related to purchasing a land and hiring a contractor. However, little did he know that constructing a home requires following a practical and scrutinized construction plan. The things did not go as per the plan and Karan had to settle down with an inferior and below par home.
Realtors left wringing hands with home loans set to cost more
Jan 29, 2014
DELHI: Hit by slowdown in sales coupled with few new launches, the real estate sector says it is disappointed by the Reserve Bank of India’s move to hike the repo rate.
Bank, auto, realty stocks surge as RBI maintains status quo
Dec 21, 2013
MUMBAI: The Reserve Bank of India surprised the Street by maintaining status quo on interest rates at its mid-quarter review of monetary policy.
SBI slashes home loan rates by up to 0.4 per cent
Dec 20, 2013
DELHI: Two biggest housing financiers SBIBSE 0.60 % and HDFCBSE 0.71 % on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after the Reserve Bank kept its key policy rates on hold.
RBI hikes rate, but your EMIs unlikely to go up
Oct 30, 2013
MUMBAI: Reserve Bank of India governor Raghuram Rajan on 29th October stepped up the inflation control drive by raising a key policy rate but the increase is unlikely to impact interest rates for home, car and consumer loans.
Save money: Tips before you take a home loan
Oct 24, 2013
DELHI: Home loans can be very beneficial for property buyers, as they not only help you buy your dream home, but also help you save on taxes. But you must remember to choose the right home loan if you do not want to face the hassles in the process. Here are a few quick tips that you could keep in mind while applying for a home loan. These tips could help ease the complicated procedure a little bit and at the same time help you save some money.
Office space absorption fell by 14% in Jul-Sept in top seven cities
Oct 09, 2013
DELHI: Leasing of office spaces in India's top seven cities fell by 14 per cent to around 6 million sq ft during July-September compared with the previous quarter with corporates still being cautious about expansion amid subdued economic outlook, property consultant CBRE said.
Buying your first house? Here's a checklist of 9 sales pitches that you should be wary of
Oct 07, 2013
DELHI: Newly-weds Dipankar and Ashima Gupta have made up their minds to buy their own house. The first trigger came last year, when two of their close friends bought property. Then their landlord sounded the warning that he would raise the rent again. What sealed the decision was the salary hike that Dipankar got this year. "We might as well pay an EMI instead of giving rent to the landlord every month," says Ashima.
CCI to study financial sector for possible unfair practices
Sep 29, 2013
DELHI: To keep a tab on possible unfair practices, the Competition Commission of India has begun a study of functional aspects of the country's growing financial sector, including banking and insurance segments.
Impact of inflation on home loan
Sep 27, 2013
BANGALORE: Over the past few years, home loan interest rates have steadily crept upwards. Everyone blamed it on inflation. In past few months, the rates have steadied after minor downwards rate revisions by the central bank. What happens during inflation?
Salaried real estate investors in mess as loan cost pinches
Sep 22, 2013
MUMBAI: The deepening economic slowdown, rising cost of living and low wage revisions, coupled with higher interest rares, are forcing salaried professionals who had earlier invested in properties to put them up for sale, say industry experts.
Builders at private lenders’ mercy as demand falls, forced to pay interest rates as high as 42%
Sep 21, 2013
NEW DELHI | BANGALORE: The stress among real estate developers is now showing clearly. Private money lenders are back in demand with small and mid-sized real estate developers picking up short-term money at interest rates as high as 42% a year to avoid the prospect of reducing property prices.
RBI and Finance Minister mull cheaper home loans
Sep 20, 2013
DELHI: With little headroom to cut interest rates, the finance ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the housing sectors as the festive season approaches. “The finance ministry is evaluating a scheme launched by the Bank of England wherein it provides funding to banks and building societies at lower rates,” a ministry official said.
Housing prices dip in Delhi, Mumbai, Bangalore as slowdown takes its toll
Aug 29, 2013
DELHI: The rising interest rates, liquidity tightening in the banking system and slowing down of economy have badly affected the real estate sector. As the demand for residential real estate has softened, its prices across the markets in India have started showing a declining trend.
ASK Property to invest up to Rs 500 crore by fiscal-end
Jul 15, 2013
MUMBAI: Private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects by this fiscal end, a top company official said.
ASK Property to invest up to Rs 500 crore by fiscal-end
Jul 14, 2013
MUMBAI: Private equity firm ASK Property Investment Advisors plans to invest up to Rs 500 crore in mid-income residential projects by this fiscal end, a top company official said.
Will the Real Estate Bill see a rise in property prices?
Jul 08, 2013
DELHI: Once implemented, the Bill will bring a lot of transparency in the sector, and all the developers support and appreciate it. However, one needs to understand that there are certain sticky points. Take the deposit of 70% of the cost of the project, which includes the land and construction cost, in an escrow account, which would suck up the liquidity from the market. The land cost is the highest one has to bear today, and currently, most developers are facing liquidity crises, which will be
Easier ECB norms to create more affordable housing: Crisil
Jun 27, 2013
MUMBAI: The easing of fund-raising norms through the external commercial borrowing (ECB) route will lead to developers focusing on low-cost housing projects, says rating agency Crisil.
Home loan growth crashes to 5-month low due to surge in house prices
Nov 05, 2012
MUMBAI: Growth in home loans has slumped to a five-month low despite banks showering potential buyers with attractive schemes and lower rates due to soaring real estate prices.
Property prices firm despite high interest rates: Nomura
Nov 04, 2012
MUMBAI: Housing prices remained firm following limited supply, despite the slowdown and high interest rates, according to a Nomura report.
P Chidambaram asks banks to put pressure on real estate developers to lower property prices
Aug 22, 2012
MUMBAI: P Chidambaram, the newly-appointed finance minister, has asked chiefs of government-owned banks to put pressure on real estate developers to lower property prices in order to get the economy moving. In a meeting held last Saturday with bank chiefs, the finance minister told bankers to impress upon builders the need to complete projects according to schedule and lower the prices of apa

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