Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.
Real estate developers and consultants express disappointment over RBI's credit policy, urging for increased liquidity to boost the struggling property sector.
HDFC Chairman Deepak Parekh states that lending rates will ease only after deposit rates decrease, amidst recent RBI repo rate cut.
RBI's recent repo rate cut by 100 bps to 8% aims to curb inflation and may benefit real estate companies and investors, according to Finance Minister P Chidambaram.
Indian property firms face pressure from lenders to sell assets and repay loans amidst rising default risks and falling property prices.
The US financial crisis impacts India's growth, ADB lowers India's GDP forecast to 7-7.4%, citing global economic woes and fiscal imbalances.
Home loans under the floating rate regime have become more expensive due to RBI's repo rate hike. Leading providers like HDFC and ICICI Bank have raised interest rates.
LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.
State Bank of India anticipates enhanced asset quality in Q1, attributed to recovered bad loans amid deteriorating credit quality in 2007-08.
Housing finance is under pressure as banks increase developers' contribution limits amid rising rates and an uncertain economy, impacting real estate investments.
The slowdown in the real estate sector has led to a decline in loan securitization, with debt mutual funds pulling back due to increased risks and waning demands for securities.
SBI plans to reassess home loan interest rates shortly, following a recent increase in its PLR, indicating potential changes in lending conditions.
India's National Housing Bank aims to raise ₹110 billion by March 2009 to satisfy loan demand, including plans for a mortgage guarantee firm.
Loan against property rates depend on loan amount, borrower's credit ranking, and pledged security's equity in India's competitive housing finance market.
NRI loan interest rates vary based on borrowing reasons. The RBI's new directive limits lending against NRI deposits, targeting speculative investments in real estate.
ICICI Bank downplays real estate bubble fears despite rising interest rates and property prices impacting sector growth. The bank expects a market correction.
Mauritius-based fund aims to raise $100 million for Indian real estate investments by June, targeting unlisted companies.
Dewan Housing Finance reports 11.78% rise in net profit to Rs 29.44 crore, with income up 45.4% to Rs 148.02 crore, and announces plans for $250 million private equity fund
SEBI allows Real Estate Mutual Funds to provide funding relief for Indian real estate sector amid credit challenges
Housing loan growth declines to 12% in 2008, while personal loan and real estate sector credit expansion slows down.
Housing loan demand declines as interest rates remain high, with growth rates halving from 25.8% to 12% within a year, according to the Reserve Bank of India.
Rising real estate prices and interest rates are causing a decline in home loan demand in India, impacting the housing sector's growth.
Finance Minister P. Chidambaram's decision to lower home loan rates highlights a slowdown in various sectors, despite commercial real estate thriving.
The Indian government acknowledges public demand for reduced home loan interest rates, particularly for loans under Rs 20 lakh, but leaves the decision to banks and the RBI.
SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.
