India Real Estate News
News By City
Ahmedabad (328)
Amritsar (29)
Baroda (24)
Bengaluru (958)
Bhiwadi (1)
Bhubaneshwar (1)
Chandigarh (95)
Chennai (747)
Coimbatore (93)
Dehradun (1)
Delhi NCR (1090)
Delhi-Faridabad (1)
Delhi-Ghaziabad (91)
Delhi-Greater Noida (3)
Delhi-Gurgaon (487)
Delhi-Noida (426)
Goa (83)
Guwahati (2)
Hubli (1)
Hyderabad (510)
Jamnagar (1)
Kochi (70)
Kolkata (347)
Lucknow (1)
Mangalore (1)
Mumbai (1677)
Mumbai Navi (152)
Mumbai-Thane-Kalyan-beyond (2)
Mysore (1)
Nagpur (71)
Pune (586)
Surat (2)
Thiruvananthapuram (8)
Udaipur (7)
Visakhapatnam (25)

News By Category
Architects/ Designers (39)
Builders/ Developers (3962)
Building materials (20)
Commercial Properties (410)
Debts (1)
FDI (191)
Hotels and resorts (404)
Investors/ Investment proposal (306)
IT/ITeS (147)
Land/plots (151)
Malls/Retail (380)
New projects (3252)
NRI Center (98)
Price Trends (535)
Property insurance (3)
Property loans/ Home loans (681)
Real Estate services (48)
Real Estate Tips (186)
Regulations/ Legal aspects (426)
Residential Properties (66)
Service apartments (231)
SEZ (196)
State Bank of India (SBI) (1)
Tiles, Ceramics And Bricks (1)
Vaastu / Fengshui (7)
Venture funding / P.E (238)

Home loans unlikely to get any cheaper till March
Posted on Feb 05, 2016
MUMBAI: Home loan and car loan applicants may have to wait at least till March to see whether they get any relief on their interest payment as banks are unlikely to cut rates immediately with the Reserve Bank of India holding policy rates unchanged and expecting fiscal reforms to ease supply bottlenecks.

Many people who track the market are expecting the RBI to cut policy rates only after the Budget, which is expected on February 29. "We expect the RBI to deliver a 25 bps rate cut after the Budget is released, although we do not rule out an earlier intermeeting cut," said Sonal Varma, India economist at Nomura.

RBI Governor Raghuram Rajan said he was awaiting further data on the development of inflation. "Structural reforms in the forthcoming Union Budget that boost growth while controlling spending will create more space for monetary policy to support growth, while also ensuring that inflation remains on the projected path of 5% by the end of 2016-17," he said in the policy statement.

However, the impact of the 7th Central Pay Commission could derail all the previous inflation projections. The RBI cut the benchmark repo rate by 125 basis points in 2015, but lending rates have come down only by 60 basis points as banks were slow to transmit. At present, the base rate for banks ranges between 9.3% and 9.7% with both State Bank of India and HDFC Bank having the lowest of 9.3% while ICICI Bank's base rate is 9.35%.

"I would tend to think that there is still some room for a rate cut," said Ashish Parthasarthy, treasury head at HDFC Bank. "According to me, rate transmission has already happened. The base rate is not the only benchmark to see whether rate transmission is happening or not."

Banks will move to a new marginal cost-based loan pricing mechanism from April 1, which is expected to make them react faster to Reserve Bank of India rate actions. "I do believe that we will see a significant change in transmission process when that (new pricing system) comes in," the RBI governor said. "I think transmission will happen and eventually banks will be forced by competition to transmit."

Bankers on the other hand are expecting the Reserve Bank of India I to continue its accommodative stance and further cut repo rate by 25-75 bps in FY17.

"A 25 bps rate cut over the next six months should provide some respite to retail borrowers, besides Corporate India, on the cost of funds and it may trigger them to start investments," said Umesh Revankar, MD, Shriram Transport Finance.


Bengaluru office leasing activity at record high
Posted on Feb 05, 2016
BENGALURU: Internet startups helped Bengaluru record its highest ever office space leasing activity during 2015, according to data from property consultancy company JLL. The city, widely termed as India's Silicon Valley, and now the country's start up capital, took in net leasing space of 12.3 million square feet, surpassing the previous record of ...

Time to invest in real estate in Coimbatore
Posted on Jan 15, 2016
The textile city of Coimbatore is one of the 10 cities in the country that offers low budget real estate investment opportunities, according to a study by real estate firm Jones Lang Lasalle (JLL).The study looked at places where residential properties within the budget range of Rs. 30 lakh to Rs. 50 lakh are available, and are classified either em ...

Top 8 cities realty launches down 11% in Q3 q-o-q: Report
Posted on Jan 15, 2016
MUMBAI: New launches in the top 8 property markets across India declined 11 per cent sequentially in the quarter ended December with developers focusing on clearing existing inventory rather than launching new projects at a time when demand is sluggish, said a Motilal OswalBSE -5.46 % Securities report."Developers adopted a defensive approach on 3Q ...

Taj unveils new luxury hotel in Bangalore
Posted on Jan 14, 2016
Taj Hotels Resorts and Palaces announces the opening of Taj Bangalore, the latest addition to the group's luxury portfolio and the sixth Taj group hotel in the Garden City.However, conveniently located minutes from Kempegowda International Airport, Bengaluru, Taj Bangalore will offer guests a world of sophisticated luxury.“Bangalore is the epicente ...

HDFC to raise new Rs 5,000 crore fund to make long term investments in mass housing
Posted on Jan 14, 2016
NEW DELHI: HDFC Capital Advisors, a new arm of India's largest mortgage lender HDFC, is raising a Rs 5,000 crore fund that will make long-term equity investments in middle-income housing projects across the country. In a first, the fund will have a 12-year tenure, suggesting a possible return of confidence in Indian real estate among overseas inves ...

Apollo global exits worli luxury residential project
Posted on Jan 14, 2016
Delhi/NCRNYSE-listed global private equity fund Apollo Global Management has exited from the super luxury residential project Ahuja Towers of Mumbai-based real estate company Ahuja Constructions at 460 crore.Apollo Global had invested 200 crore in the subsidiary that developed a 53-storey luxury project in Mumbai's plush Worli locality. The fund ha ...

Hyderabad most affordable for buying, renting a house
Posted on Jan 08, 2016
Notwithstanding the cut in repo rates by the Reserve Bank of India making home loans cheaper, Mumbai continues to remain the most expensive city in India for both buying and renting a house, while Hyderabad is still the most affordable market across the top eight cities, according to a research report by full service robo adviser ArthaYantra.Though ...

ASK Group to invest Rs 1,500 cr in real estate project
Posted on Jan 08, 2016
Financial services firm ASK Group plans to step up its equity investment in Indian real estate market to upto Rs 1,500 crore during this year as it sees good demand in mid-segment housing projects.The firm had invested a little over Rs 600 crore during last year through three equity deals in real estate projects."In 2016, we will deploy Rs 1,000-1, ...

Mumbai property prices may soon come down by 20 per cent
Posted on Jan 06, 2016
If you are planning to buy a new home, heres some good news. Builders may start offering 20 per cent discount on property prices to homebuyers. The reason they can afford this discount is because of the lesser number of permissions required now; the normal time for passing a file has also been fixed at 60 days. Builders claim that with faster perm ...

Bengaluru new property launches ped 62% in 2015: Cushman
Posted on Jan 06, 2016
BENGALURU: The number of new unit launches in Bengaluru plunged in 2015 compared to the previous year as developers struggled to sell existing inventory in a sluggish real estate market, according to a research.New unit launches in Bengaluru fell 62% to about 15,600 last year, hurt by higher inventory, resulting in reduced new unit launches, proper ...

PE funds set to extend investment spree in real estate
Posted on Jan 06, 2016
If the real estate slowdown persists in 2016, developers will need more capital as operating cash flows will remain weak. Photo: Abhijit Bhatlekar/MintPrivate equity (PE) investors are expected to infuse more money into Indias real estate market in a sign of their continuing confidence in the long-term viability of a sector that has struggled for ...

Financial services firm ASK Group to invest Rs 1,500 cr in realty projects
Posted on Jan 06, 2016
ASK Group plans to step up its equity investment in Indian realty market to up to Rs 1,500 crore during this year as it sees good demand in mid-segment housing projects. This firm had invested a little over Rs 600 crore during last year through three equity deals in real estate projects.According to Amit Bhagat, CEO & MD, ASK Property Investmen ...

HDFC Bank cuts lending rate by 0.05% interest on all loans to reduce
Posted on Dec 30, 2015
NEW DELHI: Following SBI, country's second largest private sector lender HDFC Bank has reduced base rate or the minimum lending rate by 0.05 per cent to 9.30 per cent.The reduction in base rate will bring down interest rate on all loans."Based on the quarterly review, the bank decided to lower the base rate" said HDFC Bank treasurer Ashish Parthasa ...

Real Estate In 2015: Fall in prices, demand slowdown, real estate bill, and more
Posted on Dec 30, 2015
Indias real estate market in 2015 witnessed a fall in property prices, slowdown in demand, an increase in inventory pile up and disappointment among the real estate industry players.However, the Union Cabinets approval of the Real Estate Bill in early December is expected to set the pace for the real estate industry in the coming year.Heres the ...

Multiples Alternatives, former senior bankers to invest over Rs 100 crore in Mumbai-based Vastu Housing
Posted on Dec 30, 2015
MUMBAI: Local private equity fund Multiples Alternatives, along with a clutch of former senior bankers, will invest over Rs 100 crore in Mumbai-based housing finance firm Vastu Housing Finance Corp to own 95% stake in the start-up firm relaunched by senior bankers.This underscores the growing interest of private equity investors in financial servic ...

KKR invests Rs700 crore in three realty projects
Posted on Dec 30, 2015
KKR India Asset Finance Pvt. Ltd has invested about Rs.700 crore in three real estate projects in back-to-back transactions, making the December quarter its most robust deal-making period this year.The local arm of private equity firm Kohlberg Kravis Roberts and Co. LP has invested Rs.200 crore in structured debt to SARE Homes group housing projec ...

Mall of India launched in Sector 18
Posted on Dec 24, 2015
Noida: If you have shopping plans this weekend, you can head to a whole new destination.Real estate major DLF on Friday launched its Mall of India in Sector 18 that it has billed as 'India's largest destination mall'. The 2 million square feet retail space is spread over six levels with 18 big stores. Big Bazaar Gen Next and Max opened their stores ...

Real estate prices on the upswing
Posted on Dec 24, 2015
All India HPI increased to 219.5 in the second quarter from 215.3 in the first quarter mainly due to index increase in Delhi, Ahmedabad and Chennai, RBI said.India's Housing Price Index - a barometer for home prices - released by the central bank, has grown 13.7 per cent year-on-year for the three months ended September quarter versus 14.5 per cent ...

Hike tax deduction rate on home loan interest to Rs 5 lakh: PHD Chamber
Posted on Dec 24, 2015
NEW DELHI: Industry body PHD Chamber of Commerce and Industry (PHDCCI) has urged the government to increase the deduction of interest on home loans to Rs 5 lakh from the current Rs 2 lakh to give a boost to the housing and construction sectors."The move will reduce EMIs and help spur disposable incomes, which further will boost investment in the re ...




Recent Articles
Home loans unlikely to get any cheaper till March
Bengaluru office leasing activity at record high
Time to invest in real estate in Coimbatore
Top 8 cities realty launches down 11% in Q3 q-o-q: Report
Taj unveils new luxury hotel in Bangalore
HDFC to raise new Rs 5,000 crore fund to make long term investments in mass housing
Apollo global exits worli luxury residential project
Hyderabad most affordable for buying, renting a house
ASK Group to invest Rs 1,500 cr in real estate project
Mumbai property prices may soon come down by 20 per cent

Archives
Copyright © 2011-2016 India-real-estate-news.com. All rights reserved.