If you are looking to finance the purchase of your dream house with a cheap bank loan, time is running out, with large public sector banks such as State Bank of India (SBI) and Punjab National Bank (PNB) planning to withdraw the special schemes that offer rates as low as 8% for the initial years. With the Reserve Bank of India (RBI) sending out hawkish signals in its second-quarter review, these banks may have to raise their home loan rates by January to align them with the expected hike in key policy rates.

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Banks may soon stop tempting you with attractive home loans

The slowdown is behind us and the country will grow at around 9-10 per cent, believes Adi Godrej, chairman of the Godrej Group. This, he adds, spells good news for his fast moving consumer goods (FMCG) business and properties venture, as well as for Godrej Agrovet. In a chat with Business Standard, he says Godrej Properties will now be a focus area for the group, with an emphasis on affordable housing.

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‘Godrej Properties will soon become our fastest-growing business’ – Adi Godrej

News4u- News Desk- Setting up of state councils for climate change and establishment of a Himalayan Sustainable Development Forum under which Chief Ministers of the five hill states would annually meet formed the part of the ‘Shimla … Himachal Pradesh Chief Minister Prem Kumar Dhumal read the 12-point ‘Shimla Declaration’ on which five Himalayan states Himachal Pradesh , Jammu and Kashmir, Uttarakhand, Arunachal Pradesh and Sikkim, agreed to work in co-ordination for …

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::News4u:: » Himalayan States pass declaration on climate change

The realty sector, especially in the home segment, has already witnessed some price rise and an interest rate revision, which in any case will be small, may actually help slowdown the spiraling price rise,’ says a senior banker The credit policy announced by Reserve Bank of India (RBI) governor Subba Rao on Tuesday may have hints of a tighter credit regime, but it may not have an impact on the interest rate structure for home loans, say experts. Experts say that their opinion is based on two facts. First, the demand for homes and home loans, in turn has gone up in the wake of the soft rate regime put in place by the finance minister early this year as part of his anti-recession measures

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Credit policy may not impact home loans, say experts

The country’s top real estate player, DLF Ltd, registered a 77 per cent drop in its net profit during the quarter ended September, as demand for real estate continued to be sluggish compared to last year. The company registered a profit of Rs 439.7 crore during the quarter, compared with Rs 1,934.1 crore during the comparable quarter last year, shows the consolidated results announced by the company today. Sales (and other receipts) during the quarter also dipped 53 per cent to Rs 1,751 crore

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Due to sluggish real estate demand, DLF registers a 77 per cent drop in the net profit

A number of overseas representative offices set up by banks enable NRIs to seek home loans for investments in real estate in India. Even select foreign banks in the private sector provide home and mortgage loans to NRIs. Repayment should be made by way of inward remittance through normal banking channels or by debit to the NRE, FCNR (B) or NRO account, or out of rental income derived from renting out such property

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NRIs, investing in Indian real estate market is simple!

Lucknow-based Sahara Group is planning to take its realty arm public and raise up to $1 billion, which, if successful, would make the company the second valuable player in the segment after DLF Sahara Group wants to offload 10% of its stake in the wholly-owned company, valuing itself at $10 billion (Rs 49,000 crore) behind DLF, which has a market cap of Rs 63,000 crore as on August 19, 2009. Currently, the second valuable firm in the Indian realty firmament is Unitech with a market cap of Rs 17,000 crore. The draft red herring prospectus for the offering will be submitted in a week, the person said.

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Sahara plans to tap market with $1-bn IPO for realty arm

Subscribe for Free! To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar’s Pune Real Estate Investment Blog For my blogs on Pune real estate market news, real estate projects near Hinjewadi, real estate advertising and marketing in Pune and other related topics, please, visit and join my Ravi Karandeekar’s Pune Real Estate Blog Group

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New Tax Code: proposed 2 % tax on the land bank – Impact on realty sector

Rajeev Talwar, group ED at DLF, speaks on the demand for housing, competitive property pricing, new tax code and it’s impact on real estate market: Subscribe for Free! To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar’s Pune Real Estate Investment Blog For my blogs on Pune real estate market news, real estate projects near Hinjewadi, real estate advertising and marketing in Pune and other related topics, please, visit and join my Ravi Karandeekar’s Pune Real Estate Blog Group

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Is the realty sector looking up?

Zamanzar.com releases city and locality level average price data for properties: Zamanzar.com has just created a wealth of property pricing information for real estate buyers and sellers across India. You can now view city level and locality level average property price data at Zamanzar.com. For example, http://www.zamanzar.com/Bangalore/Residential-Property-Prices.html gives you average prices and price per sqft values for apartments, houses and residential plots for sale in Bangalore, whereas http://www.zamanzar.com/Bangalore/Commercial-Property-Prices.html shows you average prices for shops, offices and commercial plots for sale in Bangalore.

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Property pricing information for real estate buyers and sellers across India

Private Equity Real Estate Funds: According to a report by global research firm Preqin, private equity real estate funds are still struggling to raise capital in the current economic environment. In the April-June quarter, 21 real estate funds made aggregate commitments of $10.3 billion, down 72.16 per cent from the $37 billion in the year-ago period

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Due to drastic slowdown in property markets across the world, Knight Frank puts off plan for India-focused property fund