Despite a slowdown in GDP, office space absorption in India remained consistent in 2011-12. However, the outlook for 2012-13 appears challenging for developers.
Dhanlaxmi Bank denies plans to close branches, focusing on cost control and growth strategies amid pressure from declining margins and net losses.
Affordable housing concept emerged as a ray of hope in India's residential realty market after economic recession, aiding its early recovery.
Banks urge RBI to relax debt restructuring norms for real estate companies to avoid classifying advances as bad loans, seeking uniformity with other sectors.
RBI's move to ease real estate lending has negatively impacted banking stocks, with BSE Bankex and Realty Index falling sharply.
SBI plans to reassess home loan interest rates shortly, following a recent increase in its PLR, indicating potential changes in lending conditions.
Loan against property rates depend on loan amount, borrower's credit ranking, and pledged security's equity in India's competitive housing finance market.
RBI raises interest rates, impacting stock markets and real estate sector with significant index declines