Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]
Raghuram Rajan Archive
August 20, 2014 12:13 am
RBI decision to keep interest rates unchanged disappoints the real estate fraternity
The decision of the Reserve Bank of India (RBI) to keep has disappointed the real estate fraternity that has already been reeling under a slowdown. RBI Governor Raghuram Rajan has key policy rates on hold in his second bi-monthly monetary policy review, the first under the Modi regime. According to Shrikant Paranjape, Chairman, Paranjape Developers, […]
August 7, 2014 3:20 am
RBI keeps interest rates unchanged…
Reserve Bank of India (RBI) left key interest rates intact as previous in its 3rd bi-monthly monetary policy review, so the EMIs (equated monthly installments) for automobile, home and other loans would remain unchanged. Several sectors such as; real estate, automobiles and other have been struggling to keep up sales or profit due to high […]