Multiple banks, including SBI and HDFC, have decreased home loan interest rates, aiming to boost housing sales before the financial year ends. Experts anticipate increased demand.
Jaiprakash Associates plans a board meeting following SDR invocation as cement sales drop significantly, amid attempts to address their financial challenges.
ICICI Bank reported a 31% quarterly profit increase, anticipating loan growth supported by a recent rate cut despite concerns about India's economic outlook.
Parsvnath Developers is selling its prime 1.18-acre land near Connaught Place, with potential buyers including Sahara Group and ICICI Bank aiming for a deal worth Rs 700 crore.
Parsvnath Developers is in talks with Sahara Group and ICICI Bank to sell its 1.18-acre plot near Connaught Place, aiming to reduce its Rs 1,300 crore debt.
The RBI's decision to raise policy rates will adversely impact the real estate sector, increasing property costs. Experts express caution about market reactions.
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 may extend its 8% home loan scheme beyond March 31, offering relief to borrowers. Despite RBI concerns, SBI believes the scheme supports economic growth and key sectors.
RBI's move to ease real estate lending has negatively impacted banking stocks, with BSE Bankex and Realty Index falling sharply.
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.
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.
ICICI Bank downplays real estate bubble fears despite rising interest rates and property prices impacting sector growth. The bank expects a market correction.
ICICI Venture to raise $3B from 2 funds, including $1.5B for real estate, targeting residential and commercial properties.