Latest Realty News

Dec 19, 2015
New Delhi: Housing prices increased by 13.7 per cent during July-September of this fiscal year compared with year-ago period but the annual growth rate has slowed down, according to a report to the Reserve Bank of India (RBI).
Australian property loans expected to hold up
Oct 20, 2014
Australian banks’ confidence in the investor property market is a sign that property loans are expected to hold up for a while more
RBI Deputy Governor R Gandhi asks bankers to be innovative on home loans
Aug 21, 2014
The Reserve Bank of India will encourage banks and individuals to be actively involved in home loan deposits, a savings product that will help showcase the repaying ability of customers seeking to borrow money to buy a house
Cost of houses pretty high, scope for reduction: RBI's S S Mundra
Aug 21, 2014
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said
Housing, infra sector is not starved of bank finance: RBI
Aug 21, 2014
The Reserve Bank of India (RBI) on Wednesday said neither the infrastructure sector nor the housing sector was starved of bank finance
Sensex conquers Mt 22k, retreats
Mar 11, 2014
MUMBAI: Benchmark indices hit record highs for a third straight day on Monday, amid continued foreign institutional buying, though the net gains were marginal.
Aginsky Consulting keen to hook up Indian SMEs to US commercial realty
Mar 04, 2014
DELHI: Aginsky Consulting, a company focused on helping foreign investors to invest in US assets, has recently entered the Indian market.
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.
CREDAI chief warns of stagflation
Oct 29, 2013
MUMBAI: Appreciating the RBI concern over checking inflation, realtors’ apex body CREDAI Chairman, Lalit Kumar Jain has cautioned the central bank and the government against stagflation
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.
Realty companies may offer discounts to clear inventory
Sep 23, 2013
DELHI: The upward revision in repo rate by the Reserve Bank of India is likely to increase pressure on real estate developers to offer discounts in the upcoming festive season as they struggle to clear their inventory at a time when demand is tepid and interest rates are rising.
Realty companies may offer discounts to clear inventory
Sep 21, 2013
DELHI: The upward revision in repo rate by the Reserve Bank of India is likely to increase pressure on real estate developers to offer discounts in the upcoming festive season as they struggle to clear their inventory at a time when demand is tepid and interest rates are rising.
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.
Property market not to gain from curbs on overseas investments
Sep 08, 2013
MUMBAI: Recently, the Reserve Bank of India reduced the permitted amount of annual remittances through the Liberalised Remittance Scheme (LRS) to $75,000 from $200,000 and also prohibited overseas property investments.
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.
Mixed views on linking home loans to stage of construction
Sep 05, 2013
MUMBAI: The Reserve Bank's decision to link disbursal of home loans with stages of construction has received a mixed reaction from the industry, as some believe the move will streamline the sector while others worry it will impact delivery of projects.
RBI move may spoil the party for realty players
Sep 05, 2013
DELHI: The slowdown-hit realty players had found a sweet spot in the 80:20 scheme for home buyers. But the Reserve Bank of India’s move to bar banks from giving upfront loans for under-construction projects through such schemes may have disastrous consequences, developers say.
RBI should allow flexibility in housing loan schemes: CBRE
Sep 05, 2013
New Delhi: Anshuman Magazine, Chairman & MD, CBRE South Asia Pvt. Ltd. says, “The RBI’s decision to disallow banks from granting loans for under-construction projects through innovative schemes will adversely affect the sale of projects where such schemes were prevalent. No doubt banks should do their due diligence and assess risks before agreeing to fund these schemes. However they should be allowed the flexibility of such schemes which encourages more people to own homes.”
RBI prohibits banks from giving 80:20 upfront home loan
Sep 05, 2013
DELHI: It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of construction of housing project, interest/EMI on the housing loan availed of by the individual borrower being serviced by the builders during the construction period/specified period, etc. This might include signing of tripartite
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.
Limit on investing in overseas property to dampen sentiment
Aug 16, 2013
MUMBAI: The Reserve Bank of India’s curbs on Indians investing in international real estate under the liberalised remittance scheme will dampen investor sentiment, property consultancy firm Jones Lang LaSalle said.
Bank credit to housing sector falls to 9.5%: RBI
Jun 28, 2013
MUMBAI: The Reserve Bank today said despite a steep fall in bank credit to the housing sector, which in turn brought down demand, house prices in some of the major urban centres have been on the rise.
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.
Rate cut expected to soften home loan rates, improve dipping home sales
Jan 29, 2013
NEW DELHI: Home buyers could be in for a cheer this spring as home loan rates are expected to soften after the Reserve Bank of India reduced its key policy rates.

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