Wealthy Indians Prioritize Capital Appreciation in Real Estate Investments, Survey Finds
Indian HNWIs and UHNWIs display strong economic optimism, with 71% planning real estate purchases in the next two years, driven by capital appreciation.
Commercial Property Loan: Benefits, Eligibility, Documents & Interest Rates
PNB reduces home loan interest rates above Rs 50 lakhs to 6.60% and waives processing fees as part of its Festival Bonanza
Delhi Govt Reduces Home Loan Interest Rate to 6.75% & Circle Rates by 20%
Puravankara Projects Ltd. may enter the hospitality sector in 6-8 months, but is currently focused on residential projects, particularly in South India.
The revised Direct Tax Code draft released on June 15 aims to simplify income tax laws, affecting short-term and long-term capital gains, rental income, and home loan interest rates.
Real Estate Investment Opportunity Arises Amid Economic Slump
Residential property prices projected to fall 10% in 2009, influenced by a 'wait and watch' buyer approach. Lower home loan interest rates anticipated to revive demand and stabilize prices in 2010.
CREDAI to meet RBI Governor, seeking lower interest rates and debt restructuring for struggling real estate sector.
Urban Development Minister Jaipal Reddy seeks additional package to reverse real estate sector slowdown. Proposes measures including rationalization of home loan interest rates and increased tax exemption on rental income.
India's Govt Pushes Banks to Lower Lending Rates Amid Economic Slowdown
Developers offer discounts, freebies, and value-added items to attract buyers amidst rising interest rates and inflation.
Residential rents in India are rising by 10% due to high demand, low rental yields (3-6%), and high home loan interest rates (11-13%). Many potential buyers are delaying purchases, increasing rental demand.