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 seekers looking to home loan interest rate cuts from RBI in Feb': Niranjan Hiranandani
Posted on Jan 28, 2015

Does a reduction of 25 bps make a major difference to a home buyer? Niranjan Hiranandani, managing director, Hiranandani Constructions (HCPL) feels it makes for a 'good beginning'.

"If this reduction in the repo rates on the auspicious occasion of Makar Sankranti is seen as a curtain raiser to similar positive decisions in days to come, it definitely makes a difference," said the MD, HCPL.

"At one level, it certainly was positive in the context of buyer sentiment, these positives have been recorded in form of increased serious enquiries at site offices of on-going projects across the country. There is a positive vibe in real estate, especially in the residential segment. The aspect of the reduction having come as a complete surprise on the festive day of Makar Sankranti made it even better in terms of having a positive impact on home seekers.

It needs to be seen in perspective of the June - Dec 2014 period having been one where India had a new government at the Centre, and expectations were high. While real estate industry grappled with high cost of labour and raw material costs, it was expecting some move to reduce the burden on home buyers as also the industry. In December, we expected something positive from the RBI, which did not happen, said Niranjan Hiranandani.

"In such a scenario, the RBI's decision of reducing the repo rate by 25 bps in January 2015, which impacts home loan interest rates in form of a reduction, will be a respite for home seekers as also other stakeholders in real estate," he said. On the aspect of 25 bps being a bit on the lower side, Niranjan Hiranandani said he saw this move as just the beginning. "Real estate developers and stakeholders can expect some more positive decisions from the RBI, which would boost the growth rate of the sector in days to come," added the MD, HCPL.

"If in its next policy review in Feb 2015, the RBI comes up with moves that further reduces the home loan interest rates, the impact would be positive. In the present scenario in real estate, which some of my friends describe as a low sentiment market, even the minor change in the interest rates in home loans has been positive, definitely in terms of the sentiment. The sales which will happen, in turn, will translate into enhanced liquidity for real estate developers and for the economy, a positive, given that real estate is among the major contributors to the GDP," said Niranjan Hiranandani.

''The RBI's next policy review is in early February, and like most stake holders in real estate, I too expect the RBI to positively consider moves that would make cheaper home loans a reality - low interest rates on home loans can give a positive boost to real estate,'' he said.

"Home seekers are definitely looking to moves from RBI in February that will result in home loan interest rate cuts," concluded Niranjan Hiranandani.


One BHK available for 26 Lakh in Mulund, Mumbai
Posted on Jan 28, 2015
About 150 new projects which are almost ready or 70% under construction are developed by big reputed names have flooded the market in Mulund West. Over saturated Mulund w will house a million more people soon.99acres is offering one BHK apartment for Rs. 26 lakh to Rs.1.2 crore for new projects and the resale of old properties upto 10 years are bee ...

Realty prices shoot up at Anandapuram
Posted on Jan 28, 2015
VISAKHAPATNAM: Land prices in and around Anandapuram have increased following the decision of the state government to locate the Indian Institute of Management-Visakhapatnam (IIM-V) at Gambheeram.According to realty sources, residential plots in Anandapuram, which is just 2 km away from Gambheeram, are now sold for Rs 16,000 a sq yard, while earlie ...

Affordable homes of Pune
Posted on Jan 28, 2015
Pune, an IT hub of India, is majorly preferred by professionals to migrate and settle down. So if you are looking for property here but have a low budget of upto Rs 40 lakh, then the current edition of PropIndex (Oct-Dec 2014), a quarterly report by Magicbricks, brings you areas where you can find such properties. According to the PropIndex, reside ...

New launches to keep Mumbai home prices stagnant
Posted on Jan 23, 2015
The property prices in Mumbai, one of the highest in the world, are expected to be stagnant for the next couple of months.Besides huge inventory, a slew of launches in Mumbai and its suburbs after a long gap is expected to have a cooling effect on home prices. A dozen of new launches by the likes of Oberoi Realty, Lodha Group, Runwal have taken pla ...

Rental Rates on the rise
Posted on Jan 23, 2015
Rental accommodation becoming costly due to property tax and Service Tax. Besides this since the capital value is still far not reachable in metros, the rental rates in premium segment is rising. The rates in affordable housing segment still not coming to ages or mature enough as capital market. The capital appreciation though have gone up three ti ...

Top 5 best banks for housing loan
Posted on Jan 23, 2015
Bangalore: Buying or building a home is a long cherished dream for every individual. Now a day, this dream can be simplified by obtaining Home loans. Home loans are mainly designed for fulfilling the dreams of every individual without current income and savings. But before picking out the appropriate Home loan one should be very cautious. While acq ...

With EMI savings on home loans set to increase, avoid fixed rates
Posted on Jan 22, 2015
The Reserve Bank of India went for a surprise policy rate cut for the first time in 20 months ahead of its monetary policy meet on February 3, 2015. The move brought a much needed relief to the existing and prospective home loan customers who have been paying a high interest rate of anywhere between 10.5 and 12 per cent on their home loan. While a ...

Top 5 points to keep in mind before buying a resale property
Posted on Jan 22, 2015
Before buying a property, one needs to be sure of where they are putting their money and what are the benefits it will bring in future. And, when you are buying in the re-sale market, it is important to be extra vigilant because you are buying at a premium.Here is a checklist of 5 main points before buying a re-sale property:NeighbourhoodNeighbourh ...

Mumbaikars hunt outskirts for affordable homes
Posted on Jan 22, 2015
The city with the most ‘unrealistic real estate prices is now being searched for affordable properties. Where? How? When? Magicbricks answers these questions.The upcoming PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks has shown increasing preference for affordable properties in the last two quarters, proving how strongly Mumbai ...

75% demand for properties from end users in Chennai
Posted on Jan 22, 2015
In the Oct-Dec 2014 quarter, the Chennai real estate posted optimism in comparison to the Oct-Dec 2013 quarter, as per the Housing Sentiment Index report. However, sentiments dropped by 4 per cent in the last three months. Buyers earning an annual income of less than Rs 10 lakh were the most optimistic.The city has witnessed maximum demand for prop ...

Smaller Developers Prefer Residential To Commercial Development
Posted on Jan 21, 2015
It is a known fact that commercial real estate in India is a lucrative proposition for developers. Why, then, do we see new developers concentrating on residential apartments rather than commercial projects in commercial hotspots like Pune? There are various reasons for this. In the first place, commercial real estate development requires larger la ...

Builders upbeat, hope for more rate cuts
Posted on Jan 21, 2015
ChennaiBuilders are hopeful of speedy revival of real estate market following Reserve Bank of India's decision to cut its key policy rate by 25 basis points on January 15. Some banks like United Bank of India and Union Bank of India have already slashed housing loan rates by a quarter percentage to 10%, and builders are hopeful that more would foll ...

Thane satisfying the housing demand in Mumbai
Posted on Jan 21, 2015
Thane is one of the fastest emerging residential destination in Mumbai city. The growing population in the city has triggered the demand for suburban areas, where homes are available at affordable prices and with more availability of space and open areas and natural environment.Mumbai has emerged as the only solace for the thousands of people livin ...

Top 5 affordable cities in India
Posted on Jan 21, 2015
Affordable Housing or ‘Housing for All by 2022 is a vision that the Central government is pursuing laboriously. The aim is to provide affordable homes in the price budget of upto Rs 25 lakh. This vision has influenced the preference of buyers across the country. As per PropIndex (Oct-Dec 2014), an India Apartment Index report published by Magicbri ...

As RBI cuts rate, should you go for fixed home loan?
Posted on Jan 19, 2015
During the end of last year something interesting happened in the home loan segment. Not many noticed since it was not aggressively marketed, but a clutch of prominent banks launched fixed rate home loan products. Traditionally, home loans are floating, which means they are pegged on the current interest rate regime prevailing in the country. Inter ...

How to sell a property in a slow real estate market
Posted on Jan 19, 2015
As a rule of thumb, it is never a good idea to sell anything when the market is badIn a slow real estate market, selling a house can be a daunting task. Nevertheless, selling a property is sometimes necessary or desirable despite market circumstances – for instance, when the home's mortgage value is higher than its market worth, if one has purchase ...

New Stamp Duty Ready Reckoner in Mumbai will reduce the property rates
Posted on Jan 19, 2015
Stamp Duty ready Reckoner in Mumbai as declared by state government on 1st Jan 2015 will reduce the price in Mumbai. The market rates are almost 400 to 500% higher than what is mentioned in Stamp Duty Ready Reckoner. For example in Mulund the on going rates are 12000/- per sq ft but the reckoner printed the rates as 9800/-. In Bandra W the reckoner ...

Home Loan EMIs May Fall by Up to Rs 8,000 Soon
Posted on Jan 19, 2015
Home loan consumers, struggling under the burden of high EMIs, finally have a reason to smile after RBI Governor Raghuram Rajan cut repo rate by 0.25 per cent on Thursday.State-run United Bank and Union Bank have already cut their base rates - the lowest lending rates - and other lenders are likely to follow suit."We believe that this cut may be ju ...

5 tips to enhance the rental price of your property
Posted on Jan 17, 2015
If you are facing the consistent problem of lowering rental values, then its better to take necessary steps to uphold its value. Let us take the case of Geetika Bajaj, a resident of Powai who undertook smart and trending ways to add value to her apartment.   The 35 year old started renting out her 2BHK apartment from 2009 onwards. She le ...




Recent Articles
Home seekers looking to home loan interest rate cuts from RBI in Feb': Niranjan Hiranandani
One BHK available for 26 Lakh in Mulund, Mumbai
Realty prices shoot up at Anandapuram
Affordable homes of Pune
New launches to keep Mumbai home prices stagnant
Rental Rates on the rise
Top 5 best banks for housing loan
With EMI savings on home loans set to increase, avoid fixed rates
Top 5 points to keep in mind before buying a resale property
Mumbaikars hunt outskirts for affordable homes

Archives
Copyright © 2011-2015 India-real-estate-news.com. All rights reserved.