Latest Realty News

RBI move to limit forex outflows could impact overseas property buys
Aug 17, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.
RBI move to limit forex outflows could impact overseas property buys
Aug 16, 2013
HYDERABAD: The Reserve Bank of India's move to limit foreign exchange outflows from resident individuals is likely to impact Indians making investments abroad in property and education.
Realty sector ‘disappointed’ on RBI’s status quo on rates
Aug 01, 2013
DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
Government welcomes the RBI Policy statement: CEA
Jul 31, 2013
MUMBAI: The Reserve Bank of India (RBI) came out with its policy statement on Tuesday. The RBI left policy rates on hold. Dr Raghuram Rajan, Chief Economic Adviser (CEA), Ministry of Finance said that RBI policy saw the main immediate macroeconomic task as that of stabilizing the rupee, and believes that once the rupee is stabilized, the policy makers will have room for more growth friendly measures.
RBI keeps rates unchanged, developers disappointed
Jul 31, 2013
MUMBAI: The RBI’s decision to keep the key rates unchanged is letting the entire industry, in general, and housing industry, in particular, down considering the slowdown in the economy and the low investor sentiment in the real estate market. The repo rate or the rate at which RBI lends to the system, has been retained at 7.25 per cent and the cash reserve ratio, the amount of deposits banks park with RBI, has been kept unchanged at 4 per cent. Industry experts and developers expressed disappoin
Realty sector 'disappointed' on RBI's status quo on rates
Jul 30, 2013
DELHI: Realtors' apex body CREDAI today expressed disappointment over RBI's decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
Singapore, Dubai, London preferred by Indians buying property overseas
Jul 21, 2013
HYDERABAD: DSingapore, Malaysia, New York, Dubai and some cities in the UK, the suburban areas of London in particular, are preferred destinations for Indian property buyers, according to real estate consultancy firm Jones Lang LaSalle.
Low cost realty makes Inorbit Malls plan South India expansion
Jul 19, 2013
HYDERABAD: K Raheja Corporation entity Inorbit Malls India has chalked out a plan to expand its operations significantly in Southern India region thanks to low cost realty in the region compared to other parts of the country, said a top official.
Inorbit scouts for more locations to set up malls
Jul 18, 2013
HYDERABAD: Inorbit Malls, a group company of K Raheja Corp, is scouting for more locations to develop malls, including in Chennai and Bangalore.
India has low mortgage penetration:RBI Dy Guv
Jul 02, 2013
BHUBANESWAR: DWELLING at length on the role of housing as a 'growth driver', Harun R Khan, Deputy Governor, RBI, said that housing has been contributing con­tinuously over the years towards country’s GDP. But, there has been lqw mortgage penetration in India at 7 per cent of GDP with scope for further improvement, he added.
Inflationary pressures hold cut in key rates by RBI
Jun 27, 2013
BANGALORE: The Reserve Bank of India (RBI) kept all the policy rates unchanged in the Credit Policy review on June 17. However, going by the current macroeconomic factors, this was quite expected. The RBI decided to hold the repo rate and cash reserve ratio (CRR) at the existing levels. It kept the CRR unchanged at four percent and the repo rate at 7.25 percent.
Loans for home buyers, builders to get cheap
Jun 23, 2013
MUMBAI:In order to give a fillip to the housing sector at a time when the economy is facing a slowdown, the Reserve Bank of India on Friday announced two measures that will increase flow of bank credit to builders/developers and individuals buyers.
CREDAI slams RBI, says rate cut status quo will hit India GDP growth, employment generation
Jun 19, 2013
DELHI: Realtors' body CREDAI today criticised the RBI's decision not to cut rates and keep key policy rates unchanged, saying the status quo in credit policy would affect the country's GDP growth and employment generation.
RBI policy will hurt buyer’s sentiment: MCHI-CREDAI
Jun 18, 2013
MUMBAI: The RBI’s decision to keep the Repo and CRR rates unchanged is letting the entire industries in general and housing industry in particular, down considering the slowdown in the economy.
Bad loans to soar on new RBI norms
May 31, 2013
The Reserve Bank of India has said that from April 2015 banks will no longer have the leeway to relax repayment norms for troubled companies without classifying their loans as non-performing assets, which would lead to a surge in bad loans. RBI has also asked banks to increase provisions on loans restructured from June 2013 to 5% from the present requirement of 2.75%.
Twin benefits: Save and prepay home loan
May 20, 2013
Usually, a home loan is one of the biggest liabilities. Considering the huge amount and the long tenure involved, it is advisable to repay the loan at the earliest. And, as both the Reserve Bank of India and the National Housing Bank have abolished the penalty on prepayment of home loans (for floating rate loans), it is sensible to prepay your home loan and save on interest.
Realty players seek more cuts in RBI rate to boost sector
Mar 20, 2013
NEW DELHI: Real estate players and analysts on Tuesday welcomed the Reserve Bank's move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
Home loans to get cheaper after RBI cuts rates at last
Jan 30, 2013
If you're planning to buy a home, there's good news around the corner. On Tuesday, the Reserve Bank of India (RBI) announced a long-awaited cut to its main interest rate, goading banks into reducing the cost of housing loans.
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.
Cut in home loan interest rates will spur demand in the housing sector
Sep 29, 2012
A huge impetus to the real estate sector could help arrest the present slowdown in the economy to a projected growth rate of around 6% in 2012-13 as against 6.5% in 2011-12 and 8.4% in 2010-11 , real estate experts say. In 2008-9 also, when India's growth had slowed down to 6.7%, from 9.3% in the previous year, the revival of the real estate sector due to launch of houses in the affordable seg
RBI Governor Subbarao keeps rates unchanged but says there is scope for a cut
Aug 01, 2012
MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao left interest rates unchanged citing worsening inflationary expectations and little signs of improvement in government finances, but said there is scope for a cut, leaving the timing of it wide open. The RBI lowered the proportion of government bonds that banks should hold, providing a window for higher lending to industry, but that may n

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