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Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

The Reserve Bank’s decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said, the “RBI’s accommodative stance on keeping the repo and reverse repo rate [...]

April 6, 2022 Loknath Das Technology Comments Off on Low Interest Rate Regime On Home Loans To Continue, Say Realtors On RBI Policy

Realtors’ rising cash-crunch poses more risks to banks

Realtors’ rising cash-crunch poses more risks to banks

Default by real estate-focused non-banking financier Altico Capital indicates the rising cash crunch with the developers, which is credit negative for banks given their exposure to the realty sector, warns a report. Poor liquidity had last week forced Altico Capital to default on an under-Rs 20-crore scheduled interest payment on an ECB loan from Masherq Bank of the UAE. [...]

September 20, 2019 Loknath Das Real Estate Comments Off on Realtors’ rising cash-crunch poses more risks to banks

Real Estate (Regulation and Development) Act, 2016: State-level dilution may give leeway to realtors

Real Estate (Regulation and Development) Act, 2016: State-level dilution may give leeway to realtors

While the Union government was forced to strengthen its rules issued under the Real Estate (Regulation and Development) Act, 2016 (RERA) following much pressure from citizen groups, the dilution of the rules to give leeway to builders has started at the level of various states. So far, the state governments of Uttar Pradesh and Gujarat [...]

December 2, 2016 Saheli Real Estate Comments Off on Real Estate (Regulation and Development) Act, 2016: State-level dilution may give leeway to realtors