EMAAR
MGF THE PALM SQUARE - RETAIL - CUM - OFFICE SPACE Original Booking of EMAAR MGF PALM SQUARE
COMMERCIAL -An integrated corporate office cum retail complex
set on 3.5 acres. The palm square is strategically located
as a gateway to the Palm Drive.
BANKS
CUT PLR's
After continuous hikes in Bank rates , here is a good news for existing
and fresh home loan seekers. Cuts in prime lending rates by banks have started
......
CHEERS
FOR NEW HOME BUYERS - HOME LOAN RATES HEADING DOWN
There is something to cheer for those who have been planning to buy their
own homes but were deferring their decision for doing so due to continuous
rise in home loan rates for the last ..
CHANGING
TRENDS IN REAL ESTATE SECTOR There was a time when Builders / Developers in real estate
laid entire thrust on developing Residential Complexes/
Townships .
SEALING
DRIVE IN DELHI Recent sealing
drive by MCD of Commercial businesses being run in residential
areas in Delhi has sent electric shocks to the traders community ...
For second time in 10 days
period , State Bank of India along with 3 other public sector Banks have
further cut their prime lending rate by 0.25% to 0.50% which will result
in cheaper borrowings and lowering EMI's to repay the loans . More and
more banks are likely to follow the suit and lower their prime lending
rate to remain in the the market and profitably employ their idle funds
to meet their fund costs.
This step was inevitable
because over the last couple of years bank's lendings had considerably
dropped due to continous hikes in bank rates to contain inflation. But
at the same time too much hikes resulted in disenchantment for fresh borrowers
to borrow at sky - rocketing rates and sufferings to existing borrowers
to repay their loans at an EMI as higher as at 32 to 33% of their earlier
EMI's .
Infact , RBI as
also the Finance Minister had asked the Banks recently to explore possibility
of lowering their interest rates . The move is set to boost credit growth
of Banks which had fallen to a staggering low of 22.8% this year.
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