Hope returns, interest rate remains key

Written by Jayanta Monday, 23 December 2013

( 0 Votes )The stage seems to be set for the real estate sector to take a turn for good times again. When everyone expected a rate hike in the Reserve Bank of India’s policy review on December 18, the central bank surprised all with a status quo on rates. Another bonanza soon followed: State Bank of India and HDFC, the top two home loan providers,...

Realty sector welcomes home loan rate cuts by SBI, HDFC

Written by Jayanta Saturday, 21 December 2013

( 0 Votes )Welcoming the 0.25% rate cut by two of the biggest home loan financiers SBI and HDFC, realty sector participants today said the move will help revive interest in the gloomy market. “This is a positive move to boost property sales and spur industry growth. Home buyers who were earlier waiting for rates to come down will now certainly look at...

Dewan Housing Finance gets $85 million from IFC for housing green mortgages

Written by Jayanta Friday, 08 November 2013

( 0 Votes )MUMBAI: World Bank group company IFC said it will extend $85 million in loan to Dewan Housing Finance for affordable and energy-efficient housing. Of the total loan, given with the support of Canada government, IFC will provide $70 million through external commercial borrowing, a press release issued said, adding that the remaining USD 15 million...

REALTY SECTOR: A new pressure point

Written by Jayanta Sunday, 03 November 2013

( 0 Votes )In his first full-fledged review of the monetary policy, Reserve Bank of India (RBI) Governor Raghuram Rajan stuck to the continuing hawkish stance of inflation control first, which has seen the repo rate go up by another 25 basis points. The repo rate is the rate at which the central bank lends money (liquidity) to the financial system, and is...