Indian Real Estate and Property News Weblog


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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...
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...
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...
19 October 2007
SBI and ICICI Bank Reduces Its Rate Of Home Loans
To add more colour to the festive season, State Bank of India, has reduced interest rates on home loans by 0.5-1 per cent for different maturities. The new rates will be applicable for all new loans sanctioned on or after October 8. The scheme is valid Read More...