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 considers increasing risk weight on commercial real estate loans by up to 200 basis points to prevent a market bubble, potentially impacting real estate firms.
The Reserve Bank of India is planning to ban lending below the prime lending rate, which will impact floating-rate home loans.
Homebuyers can now check if the land under their building is encumbrance-free after RBI's recent directive requiring builders to disclose mortgage status.
RBI revises guidelines on banks' exposure to Commercial Real Estate, distinguishing between property-dependent and profit-dependent loans.
RBI's draft guidelines propose excluding entrepreneur real estate loans for business from CRE classification, potentially easing construction finance access.
RBI revises norms for loans to hotels and hospitals, excluding them from commercial real estate exposure. Provisions for commercial real estate reduced, but may increase.
RBI's rate cuts and government stimulus aim to revive the housing market, but developers say more is needed to address credit flow challenges.
The Housing Ministry proposes tax breaks, price caps, and interest rate freezes for first-time homebuyers. It also suggests debt-restructuring for realtors and encourages housing for low and middle income groups.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.
Government stimulus and RBI measures aim to revive the struggling Indian real estate sector. Interest rate cuts and priority sector lending for housing are expected to boost demand and ease the liquidity crunch faced by developers.
India awaits policy responses amidst economic slowdown fears, with investors eyeing global cues from US rate cuts and auto bailout
The RBI may cut interest rates sooner and more aggressively than planned due to the Mumbai terror attacks and the economic slowdown. The attacks targeted key business hubs, impacting investor confidence. Analysts expect further rate cuts to counter the slowdown and bolster the economy.
RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.
RBI's move to ease real estate lending has negatively impacted banking stocks, with BSE Bankex and Realty Index falling sharply.
Finance Minister P Chidambaram assured real estate developers that the government will encourage banks to boost lending and lower interest rates for affordable housing.
Naredco and Credai have urged the government to ease foreign investment norms and modify regulations to boost funding for ongoing real estate projects amid a credit squeeze.
Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.
Experts believe that despite RBI's rate cuts, developers need to adjust prices to stimulate the sluggish residential market and address declining revenues.
The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.
Real estate developers and consultants express disappointment over RBI's credit policy, urging for increased liquidity to boost the struggling property sector.
HDFC Chairman Deepak Parekh states that lending rates will ease only after deposit rates decrease, amidst recent RBI repo rate cut.
RBI's recent repo rate cut by 100 bps to 8% aims to curb inflation and may benefit real estate companies and investors, according to Finance Minister P Chidambaram.
Real estate leaders express optimism about RBI's CRR cut, anticipating improved fund flow and project execution, yet caution about inflation balance.
Real estate investors face challenges exiting the market due to price drops and rising interest rates, leading to losses and defaults. Many young investors are struggling with EMIs after purchasing properties at peak prices.