Tag: Apex Bank

RBI sop fails to lift realty

November 17, 2008 – 4:31 am

It seems that the Reserve Bank of India’s move to ease lending to real estate hasn’t augured well with the banking sector. The apex bank effectively reduced the tax on lending to the real estate sector, which means banks can now more freely lend to the realty sector. Considering the slump in the real estate […]

By | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , , | Comments (0)

Real estate developers frustrated over credit policy

October 25, 2008 – 2:49 am

Real estate developers and consultants expressed disappointment over the RBI’s credit policy announced today and has asked the apex bank to infuse more liquidity into the system and to the property sector. “It’s disappointing but understandable,” global real estate consultant Cushman and Wakefield Managing Director (South Asia) Sanjay Verma said. He noted that though inflation […]

By | Posted in Property News | Also tagged , , , , , , , , , , , , | Comments (1)

Consolidation In The Housing Finance Market

July 11, 2008 – 6:34 am

The down ward trend of real estate market price is going down, the housing finance is facing a squeezed condition. Now the Banks have increased the contribution limit of the developers from 25% to 30%. With the correction of prices in the real estate sector, commercial banks have become choosy in lending. They have become […]

By | Posted in Property News | Also tagged , , , , , , , , , , | Comments (0)