Floating-rate home loan borrowers, who often felt they got a raw deal, will now have a reason to cheer. The Reserve Bank of India’s (RBI) new rules will ensure that they get the full benefit of any reduction in interest rates. In its final guidelines on the base rate — the new benchmark that banks [...]
Posts Tagged ‘india property’
RBI Ensures Equal Benefits for New and Old Home Loan Borrowers
Posted by propertyagentsindia on April 10th, 2010
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Santa Cruz depot goes for Rs 50 cr
Posted by propertyagentsindia on April 9th, 2010
MUMBAI: The Brihanmumbai Electric Supply and Transport (BEST) brought another depot under the hammer in a bid-cum-auction on Thursday afternoon, which fetched it Rs 50.28 crore for a 60-year lease; it works out to less than a crore a year. This Santa Cruz depot, the third to be leased out since November 2006, would allow [...]
Janaadhar launches low-cost homes project near Bangalore
Posted by propertyagentsindia on April 9th, 2010
State governments have drawn up several schemes for low-income housing, but private initiatives have been limited Madhurima Nandy Bangalore: Ramesh Ramanathan, who runs the non-profit organisation Janaagraha, on Thursday launched his maiden low-cost housing venture in the industrial town of Attibele, about 35km from Bangalore. His firm Janaadhar Constructions Pvt. Ltd will build more than [...]
Ground Realty: Kolkata Real Estate Deals
Posted by propertyagentsindia on April 9th, 2010
An apartment, located on EM Bypass and admeasuring 2,393 sq ft was sold at a total cost of Rs 1,04,98,460 (Rs 4,220 per sq ft). This is one of the city’s upcoming residential locations with many mid- and high-end residential units, which have been witnessing some active end-user demand, post the recent economic slowdown. The [...]
Ground Realty: Mumbai Real Estate Deals
Posted by propertyagentsindia on April 9th, 2010
A premium residential apartment located in Central Mumbai was purchased in a primary sale at a total cost of Rs 14,00,00,000. The 4-bedroom unit is spread across an area of approximately 4,000 sq ft and commanded an average capital value of Rs 35,000 per sq ft, which is at par with the range of Rs [...]
Ansal Properties stock up 12%
Posted by propertyagentsindia on April 9th, 2010
MUMBAI: Leading infrastructure development company, Ansal Properties’ stock rose by 12% in the last five days. The average volumes of the stock increased 5.5 times in the last five days. Price Delivery Action Stock up 12% in last 5 days Avg volumes up 5.5x in last 5 days Delivery QTY up 6.94x in last 5 [...]
Emaar bets big on a high-return India
Posted by propertyagentsindia on April 9th, 2010
NEW DELHI: An official of Dubai-based Emaar Properties says it will continue to focus on India as it offers the best investment opportunities across the 16 countries in which the real estate developer is present. “Given the robust domestic market and high economic growth rate, India will continue to give superior returns compared to other [...]
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