Property News from IndianRealtyNews |  |
- Real Estate Sector Worried Over Hike in Home Loan Rates by RBI
- Developers/Home Buyers will Feel the Pinch of Higher Interest Rates
- Piramal Realty Ltd Plans 5 Residential Projects in Mumbai
| Real Estate Sector Worried Over Hike in Home Loan Rates by RBI Posted: 03 May 2011 08:56 PM PDT The hike in interest rates may have a ripple effect on the real estate sector with construction cost going up. The RBI announcement will negatively impact real estate developers already reeling under pressure from lack of capital from lending institutions. It comes as bad news even for those looking to buy a house as loans [...] |
| Developers/Home Buyers will Feel the Pinch of Higher Interest Rates Posted: 03 May 2011 08:55 PM PDT Real estate developers and home buyers will feel the pinch of higher interest rates, which could slow down home sales. Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 [...] |
| Piramal Realty Ltd Plans 5 Residential Projects in Mumbai Posted: 03 May 2011 08:38 PM PDT Piramal Group chairman Ajay Piramal's newest venture, Piramal Realty Ltd, will kick off with five residential projects in Mumbai at an estimated investment of about Rs. 1,500 crore. The company will develop about 30 million sq. ft through land acquisitions funded from its own sources, without any borrowing, managing director Khushru Jijina said. "We are [...] |
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