News articles tagged Reserve Bank of India RBI

What’s increasing the demand for luxury and mid-range housing in Pune and MMR?

Luxury and mid-range housing demand surges in Pune and MMR, driven by factors like tax incentives, rising incomes, and NRI investments. Property values have increased significantly, especially in Mumbai, impacting affordability. Despite rising costs, sales remain strong, with buyers prioritizing larger homes and better amenities.

Goa remains the most popular destination for vacation homes, with 71% of wealthy Indians wishing to invest in luxury real estate in the next two years.

Wealthy Indians Prioritize Capital Appreciation in Real Estate Investments, Survey Finds

PNB reduces home loan above Rs 50 lakh by 0.50% to 6.60%.

PNB reduces home loan interest rates above Rs 50 lakhs to 6.60% and waives processing fees as part of its Festival Bonanza

RBI Can Let Realty Firms Run Banks; Finance Ministry

Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.

Chennai leads Indian Realty Sector.

India's property market to attract $3 billion from overseas buyers, despite high prices, driven by robust economy and growing middle-class population.

State Bank of India Increases Loan Rates

SBI Hikes Loan Interest Rates by 75 bps, Affecting Housing and Auto Loans

RBI Changes Norms Regarding ECBs

RBI & DIPP to regulate Real Estate Firms' access to External Commercial Borrowings (ECBs) with stricter norms, citing misuse concerns.

RBI Might Compel Banks to Increase Loan Rates

RBI may increase bank provisions for commercial realty loans, potentially raising interest rates for builders.

RBI Revised Guidelines

RBI revises guidelines on banks' exposure to Commercial Real Estate, distinguishing between property-dependent and profit-dependent loans.

Unitech is looking for restructuring loan

Unitech seeks to restructure Rs 800-crore loan from public sector banks, amid debt burden of Rs 2,500 crore due by March '09

RBI may relax norms for loans

RBI may relax provisioning norms for real estate loans, PSU banks request change to increase credit flow to the sector, citing low NPA rates.

Real estate slump may pull prices by 20%

The Indian real estate sector faces a potential 15-20% price correction over the next six months due to a severe credit crunch and demand slowdown. Banks and PE funds have tightened lending, leaving developers in a liquidity crunch.

Overbuilding Promises A Kick In The Gut For Realtors

India's IT hubs face oversupply of office space, leading to potential high vacancy rates and financing difficulties for builders.

Goa To Appoint NRIs

Goa to appoint NRIs to state boards, eases property disputes and investment

Violation Of FEMA In Goa

Foreigners in Goa face hurdles in selling properties due to FEMA violations and government bans

Rules For NRI And PIO To Invest In India

Rules for NRIs/PIOs buying residential/commercial properties in India, covering regulations, taxation, repatriation, and more.

DoE Issues Show cause Notice In Foreigner’s Property Issue

Directorate of Enforcement issues show-cause notices to foreigners for alleged FEMA violations in Goa property purchases