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...
The RBI Governor in his announcements mentioned a slew of measures and schemes, such as second round of loan restructuring and other relief measures as also term liquidity facility of Rs. 50,000 crore for healthcare and SLTRO for Small Finance Banks. The focus of his announcements were small busines... Read more...
Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India, “The battle with COVID-19 has prolonged over a year now and while the country was coping well until early this year, the second wave of infections in March has translated into significant loss of lives. Presuma... Read more...
Reserve Bank of India governor Shaktikanta Das announced that the repo rate and the reverse repo rate will remain unchanged at 4 per cent and 3.35 per cent, respectively, and the accommodative stance will go on as long as it is needed. For the fifth time in a row, the policy rates have been kept unc... Read more...