Tag: Real Estate Loans

RBI Proposes Change

June 10, 2010 – 8:21 am

The Reserve Bank of India on Wednesday clamped restrictions on Urban Co-operative Banks (UCBs) to exposure on realty sector up to 15% of their total deposits. Photo by Telstar LogisticsSpecified in the circular issued by the Reserve Bank of India , it said the total exposure of UCBs to realty sector, including individual housing loans […]

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RBI cuts repo to help Real Estate

December 8, 2008 – 2:08 am

In order to assist real estate companies tide over the current credit crunch and weak demand, RBI has cut repo and reverse repo rate by hundred bps each on Saturday and allowed restructuring of commercial real estate loans up to June 30 next year. The loans granted by banks to housing finance companies with a […]

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Banks want RBI to ease realty NPA norms

December 4, 2008 – 12:40 am

In a bid to avoid classifying advances to troubled real estate companies as bad loans, banks have urged RBI to put in place a uniform norm for restructuring debt to realty companies. As of now, the moment a loan extended to real estate, capital market or personal loan segment is restructured; the lender has to […]

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Parsvnath says festival sales down by half

October 24, 2008 – 8:39 am

Sales at Parsvnath Developers’ in the festival season of Diwali are down to half from a year ago, but the real estate developer does not plan price cuts to boost sales, its chairman said. High interest rates on home loans and central bank rules forcing banks to assign a higher risk weight to real estate […]

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