Tag Archives: State Bank Of India

Indian real estate price can fall 60 to 70% from current levels in the next five years

November 10, 2008 – 12:22 am

The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments.
OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. “In [...]

By Rajani | 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 more [...]

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

Cheaper home, consumer durables loans

February 16, 2008 – 5:48 am

MUMBAI: Home loan and consumer durables loan borrowers could look forward to softer interest rates. Following the reduction in the cost of funds, banks are reviewing the interest rate structure, according to the Indian Banks’ Association (IBA).
Speaking to the media after the managing committee meeting on Friday, IBA CEO H N Sinor said, “Banks are [...]

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