Latest Realty News

Runaway Indian house price boom seen slowing to a jog
Dec 12, 2013
BANGALORE: After years of double-digit growth, house price rises in major Indian cities are expected to slow to just under 8 percent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed.
Realty sector: A new pressure point
Nov 06, 2013
MUMBAI: In his first full-fledged review of the monetary policy, Reserve Bank of India (RBI) Governor Raghuram Rajan stuck to the continuing hawkish stance of inflation control first, which has seen the repo rate go up by another 25 basis points. The repo rate is the rate at which the central bank lends money (liquidity) to the financial system, and is the key policy rate. After the RBI action on October 29, it stands at 7.75 per cent.
Rate hike to dampen housing demand in festival season: Realtors
Oct 31, 2013
DELHI: Real Estate companies today expressed disappointment over the RBI's decision to hike the short-term lending rate, saying this could hurt economic growth and adversely impact property demand in the ongoing festival season.
Industry reaction on RBI’s monetary policy
Oct 30, 2013
BANGALORE: Pankaj Bansal, director, M3M India, As anticipated, RBI has returned to a more normal monetary policy situation by cutting the MSF and raising the repo rate. This may result in further increasing the cost of funds for any industry or end consumers. Further dampening demand and industrial production. Demand for affordable and mid-end real estate projects may be adversely impacted due to a possible hike or adjustment in home loan rates. Expensive properties may not be negatively affect
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.
Housing price growth moderates in first quarter: RBI
Oct 29, 2013
DELHI: Average housing price inched up by a meagre 0.89 per cent during first quarter of current fiscal, although property rates were nearly 14 per cent higher from year-ago levels, an RBI report said.
House price rises abate in Q1
Oct 29, 2013
KOLKATA: RBI said the sequential increase in home unit prices across the country abated during the first three months this financial year. "The quarter-on-quarter growth in the RBI house price index at the all-India level was lower at 0.89 per cent in the first quarter of 2013-14...compared to the previous quarter," it said.
Affordable housing still remains a dream home
Oct 17, 2013
MUMBAI: Rapid urbanisation and rising movement of people from rural to urban areas are leaving as many as 19 million homeless in India’s cities. With land at premium in cities, this has prompted the Government to push affordable housing projects with the RBI opening the External Commercial Borrowings (ECB) window for developers and housing finance companies to raise up to $1 billion.
Realty stocks expected to move up
Oct 11, 2013
DELHI: Stocks of the beaten-down realty sector are expected to move up in the run-up to the results, said analysts. There could be an uptake of about 3-5% in these stocks going forward, they said.
Real estate stocks gain on improving liquidity
Oct 11, 2013
MUMBAI: Real estate stocks have been gaining ground ever since the RBI announced measures to ease short-term liquidity. BSE Realty index outperformed the past month, gaining over 3.05% as compared to 1.2% gains on the BSE Sensex. Real estate stocks such as Unitech, DLF, Oberoi Realty gained anywhere between 1-8% the past month.
Realtors hope to clear inventory on freebies, festival sales
Sep 29, 2013
MUMBAI: Realty developers are hopeful of clearing a large portion of their inventory pile-up during this festive season by luring in buyers with freebies and discounts, even as they sit tight on declared prices, said industry experts.
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?
Bangalore realty developers see marginal impact on rate hike
Sep 23, 2013
BANGALORE: Real estate developers in the country’s IT hub today said RBI’s decision to hike key policy rates will have a marginal impact on demand sentiments in short term.
Realty developers unhappy over rate hike by RBI
Sep 21, 2013
NEW DELHI: Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
‘Finance cost of developers may go up’
Sep 21, 2013
HYDERABAD: With the proposed Real Estate Regulatory Bill, where developers are expected to keep considerable portion of sales in escrow account for a majority of the construction period, finance cost for developers is expected to increase, according to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India.
‘Some downside on real estate sector’
Sep 21, 2013
HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.
New RBI chief Raghuram Rajan springs a surprise; home, auto loans set to cost more
Sep 21, 2013
MUMBAI: All eyes were on the new Reserve Bank of India governor Raghuram Rajan and his first monetary policy review two days after his US counterpart, Federal Reserve chairman Ben Bernanke, on Wednesday sprung a very pleasant surprise on global markets by not rolling back the Fed's stimulus package. An overwhelming majority of economists and market analysts forecast Rajan wouldn't touch interest rates; a hopeful minority ventured he would cut rates to boost consumer demand and economic growth.
RBI repo rate hike: Indian realty developers unhappy with Raghuram Rajan, say will impact housing
Sep 21, 2013
DELHI: Expressing disappointment over RBI Governor Raghuram Rajan's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
Want to buy a house? Keep it on hold if you are not desperate
Sep 16, 2013
MUMBAI: Sumanta Rudra, head of infrastructure and administration at VFS Global, has decided to defer buying a property. "I am expecting a correction in property price. I will only take a call about buying after the elections."
Sale of South Mumbai’s high-end luxury homes drops by 30%
Sep 10, 2013
MUMBAI: High-end properties in South Mumbai have fewer takers in a gloomy economy. While property appreciation in Sobo, as the area is fondly called, has dropped to 10 per cent from 30 per cent two years ago, rental yields have fallen by more than half. "All the newer projects in South Mumbai are in the ultra-luxury segment and it's difficult to find buyers for these higher configuration and big-ticket homes in the current market," said Akhil Kapur, owner of real estate brokerage firm AJ Housing
RBI’s move to benefit all stakeholders: Nahar Group
Sep 07, 2013
DELHI: ”While most in the industry would feel that this move by RBI is lop-sided towards protecting the consumer and wouldn’t augur well for Banks and Developers, I think it’s a very nice move which spells a win-win situation for all. Nahar Group was the pioneer in setting up the 20:80 scheme and has sold till date thousands of apartments based on this scheme,” says Manju Yagnik, Vice Chairperson of Nahar Group.
Credai against linking of home loans to construction stages
Sep 04, 2013
MUMBAI: Criticising the Reserve Bank's decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans.
Warning bell: RBI red flags 20:80 home loan schemes
Sep 04, 2013
MUMBAI: The Reserve Bank of India (RBI) wants banks and home buyers to be wary of the so-called '20:80, 25:75' schemes as a default by the builders could affect the credit profile of the borrower and expose the banks to higher NPAs and possible diversion of funds. Real estate companies have been offering schemes called 20:80 and 25:75 where the builder agrees to pay interest on the borrower's loan for a specific period.
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.
Is real estate next in line to collapse?
Aug 29, 2013
DELHI: While the spotlight so far has been on the rupee and the equity markets, real estate prices have started to bear the impact as well. A Business Standard report points out that of the 26 cities surveyed by the National Housing Bank (NHB), as many as 22 including Delhi, Mumbai, Pune, Bangalore and Chennai saw a drop in property prices during the April-June quarter, compared to the first quarter of this calendar year. An all-round squeeze in liquidity and dearth of buyers have led to a fall

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