TCG Real Estate secures Rs 714 crore funding from SBI for World Trade Center project in Gurgaon, with a leasable area of 1 million square feet.
SBI seeks new financial products to refinance long-term infrastructure projects, exploring options including takeout finance and pension funds.
Indiabulls Housing reduces home loan rates by 0.15% to 10.25%, valid till November end for loans under Rs 25 lakh.
Air India intends to lease Delhi real estate to government enterprises, favoring them over private companies. ONGC, LIC, and SIB have displayed interest in leasing the property.
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.
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.
India's Govt Pushes Banks to Lower Lending Rates Amid Economic Slowdown
SBI has reduced home loan rates, prompting other public sector banks to follow suit, making borrowing more affordable for individuals and businesses.