According to realty experts, the unchanged repo rate at 4 percent may not offer extra benefits to real estate but will augur well for the festival buying cycle and affordability. Anurag Mathur, CEO Savills India, “As expected, the Monetary Policy Committee of the Reserve Bank has stayed away fr... Read more...
The Reserve Bank of India (RBI) is looking for additional office space in the financial capital near its head office in South Mumbai, or in the Bandra Kurla Complex area. According to the RBI, it wants office space with a size of 2,601 to 7,681 square metres, for which it has issued a Request for... Read more...
The Reserve Bank of India (RBI) on 6th August decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave. This is the seventh time in a row that the Monetary Policy Committee (MPC... Read more...
AS THE PANDEMIC CONTINUES TO IMPALE THE INDIAN ECONOMY, RBIS UNCHANGED RATES MEAN THAT HOME LOANS WON'T GET EXPENSIVE BUT, IT LEAVES REALTY DEVELOPERS HIGH AND DRY AS CONSTRUCTION COSTS MOUNT WITH NO RESPITE FROM GST OR OTHER TAXES. By: Sapna Srivastava For the sixth consecutive time, the Res... Read more...
Realtors body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis triggered by the pandemic. NAREDCO submitted a memorandum containing various expectations of real estate sector from the... Read more...
In a sign that the worst may be over for the retail serious-estate sector, the level of unsold housing stock has hit a 24-thirty day period minimal. According to RBI information, unsold stock stages have appear down to about 7 lakh models on March 31, 2021, from about 8.5 lakh units in FY20 first qu... Read more...
State-run National Housing Bank (NHB) is planning to set up an entity for mortgage-backed securitisation in a joint venture with one or more partners, sources told FE, in a significant step towards developing a structured market in this space. This special purpose entity (SPE) is expected to be e... Read more...
The Reserve Bank of India on Friday announced that it has given an 'in-principle' nod to Centrum Financial Services to set up a small finance bank (SFB). This “in-principle" approval has been accorded in specific pursuance to the Centrum Financial Services Limited’s offer in response to the Expr... Read more...
The Confederation of Real Estate Developers' Associations of India released findings of its first ever industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021, to assess the impact of second wave of COVID-19 on real estate sector in India. Conducted wit... Read more...
Reserve Bank of India (RBI) kept its key lending rates unchanged however it announced new measures that will help the economy which ailing from the impact of the second wave of COVID-19 to bounce back. This was the first meeting of the MPC after the government data showed that the economy cont... Read more...