Indian real estate players anticipate the Finance Minister's budget to lower construction finance costs, boost the sector, enable affordable housing, and expedite project clearances.
RBI's rate cuts have reduced home loan interest rates, reviving the residential market and boosting buyer sentiment across India.
The Reserve Bank of India has reduced the Repo Rate, allowing banks to offer home loans at lower interest rates, benefitting new borrowers significantly.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Finance Ministry plans to bolster the real estate sector by facilitating bank loans for builders with stalled residential projects, aiming to revitalize the sector and stimulate economic growth.
Removing the cap on loans has boosted NRIs' desire to invest in Indian real estate. Approx. 90% of NRIs in UAE prefer real estate investment in India.
Surging property prices have led to a significant decline in residential sales across major Indian cities, with reports indicating a 42% drop in 2012.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
ICICI Bank reported a 31% quarterly profit increase, anticipating loan growth supported by a recent rate cut despite concerns about India's economic outlook.
RBI's annual Credit Policy sparks optimism in the affordable housing segment, with realtors hopeful for lowered interest rates. However, concerns over inflation persist.
The RBI's decision to cut key lending rates by 50 basis points is seen as a significant boost for the real estate sector, benefiting both developers and home loan customers.
Realty firms appreciate RBI's decision to cut short-term lending rate, expecting reduced costs for both homebuyers and developers. It anticipates a boost in property demand.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
A developer warns against misleading real estate reports, emphasizing the rising input costs. However, opting to rent may be a smarter financial decision.
Real estate developers anticipate Union Budget 2012 to bring pragmatic provisions, including increased infrastructure funds for housing and removal of service tax on residential construction.
India's real estate industry hopeful for relief in Budget 2012, seeking industry status, tax revisions, and affordable housing incentives.
NRIs are investing in residential real estate in large Indian cities, drawn by financial stability and a desire to stay connected to their motherland. This trend is driven by both emotional and investment motives.
RBI's rate hike impacts homebuyers, say builders and bankers. Increased interest rates expected to further lower home sales as buyers reconsider purchases.
RBI's interest rate hike impacts real estate, increasing construction costs and home loan rates. Developers face a cash crunch, while potential homebuyers confront rising borrowing expenses.
SBI discontinues teaser home loan rates, aligning with RBI's directive. New rates range from 9.5% to 10.25%, based on loan amount, and are linked to SBI's base rate.
India's revised Direct Tax Code (DTC), effective 2011, simplifies income tax laws, impacting real estate. Key changes include taxing actual rental income and retaining home loan interest deductions up to ₹1.5 lakhs.
HDFC reports a revival in residential real estate prices, reversing a prior decline, with significant hikes noted in active markets across 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.
Around 44% of the population earns between Rs 8,500 and Rs 40,000 monthly. Are affordable homes truly accessible to this segment, especially with financing challenges? Expert Arun Mohan proposes solutions in his book "Affordable Housing: How Law and Policy can make it possible."