BBMP may extend the 5% property tax rebate until the end of June. The BBMP Council will decide in the next two days. This follows taxpayer confusion over new tax zones.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
In 2009-10, banks showed mixed responses to lending in real estate, with ICICI reducing lending while others increased, impacting residential and commercial sectors differently.
SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.