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13 February 2009
New Realty Investment Plans Take A Hit, Says Assocham
According to an industry survey, fresh investment plans in the real estate segment have taken a plunge of about 82 per cent between the first and the third quarter of the current financial year showing a slowdown in demand in residential and commercial Read More...
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05 February 2009
Buyers Are Back In The Market, Realtors Assert
After the Reserve Bank of India reduced its key benchmark rate and cut the cash-reserve ratio requirement, property developers are expecting an increase in sales of homes. They are optimistic about attracting more overseas investment in projects as demand Read More...
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25 January 2009
Banks Reassess The Value of Properties As Prices Fall
With a sharp decline in property prices, leading banks, including State Bank of India, have started revaluing properties against which loans have been granted. According to sources familiar with the decision, banks are worried that the recent fall could Read More...
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25 January 2009
Property Prices In Suburbs Show Better Growth Than City Hubs
Property rates in middle-class neighbourhoods of Delhi have grown at a much faster pace than key localities between 2001 and 2007, according to the country's first real estate price index. Latest NHB Residex data, released by home loans regulator Read More...
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25 January 2009
ICICI To Trim Home And Auto Loan Rates
Customers of housing, auto and personal loans of ICICI Bank will get their New Year gift in the form of a cut in interest rates, its CEO and managing director, Mr. K V Kamath said. The extent of the rate cut is being regulated and would be announced soon, Read More...
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18 September 2008
HDFC enters Home Equity Business
HDFC , India's largest housing finance company has made a big move in the home equity business by offering loans against property at 13.25%. This could turn out to be a big business opportunity for the lender since most of its borrowers pre-pay home Read More...
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18 September 2008
NHB Launches Housing Price Index in 5 Indian Cities
In a move that is expected to bring transparency to the real estate market, finance minister P Chidambaram launched the official Housing Price Index, developed by India's home loans regulator, the National Housing Bank . Named as NHB Residex, the Read More...
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23 October 2007
PNB signs pact with IIFCL
Punjab National Bank has entered into a MoU with India Infrastructure Finance Company Ltd. The MoU was inked by Dr. K.C. Chakrabarty, PNB Chairman, and Mr S.S.Kohli Chairman and Managing Director, IIFCL, here on Wednesday. Under the MoU, PNB and IIFCL Read More...
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16 April 2007
GE Finance Betting on Realty and Aviation
GE Commercial Finance is planning to increase its exposure in the Indian market. The company, which is registered as NBFC (non-banking financial institution) in India, is targeting an asset base of over $8 billion by 2010 from less than $4 billion at Read More...
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