Tag Archives: Interest Rates

Buying home becomes affordable

January 5, 2009 – 4:27 am

The wish of millions of middle-class Indians to own a home remained just a pipe-dream as soaring prices and builders’ keenness to focus on exclusive gated communities shut them out of the market.
It could change because bank loans become cheaper. More middle-class Indians can hope to get a step on the housing ladder in 2009. [...]

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Impact Of Interest Rate On Real Estate And Housing Loan

June 27, 2008 – 6:08 am

Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market.
Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make up [...]

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RBI’s judgment has spooked real estate cos

January 30, 2008 – 1:10 am

MUMBAI: The Reserve Bank of India’s (RBI) assessment not to slash interest rates has spooked real estate business facing the brunt of a housing business slowdown caused by the high cost of mortgage financing. RBI, on Tuesday, decided to keep interest rates unchanged in its third-quarter monetary policy review. Real estate companies were expecting a [...]

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