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.
INVEST IN PROPERTY TO BEAT INFLATION . Investing in market linked plans could provide you higher returns. Real estate is a very crucial class that must be considered ...
REGISTRY
OF BUILDER FLOORS TO BE OPENED SOON IN HARYANA . After a long wait Buying a house or a part of it in Gurgaon, Faridabad
and Panchkula will now be easier with the Haryana finance minister-led
panel proposed to the cabinet to allow registration of each floor....
DDA's
BONANZA FOR COMING FESTIVAL SEASON.
At a time when owning a house has become a distant dream for home
- buyers, DDA has come out with its 43rd scheme Since 1968
offering about......
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 ..
DLF PLANNING
TO BECOME COUNTRY'S LARGEST HOTEL GROUP . One of the major players in real estate sector,
DLF Plans to develop a 250- room Super Luxury
five star hotel with Four seasons Hotels & Resorts in Gurgaon .
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
...
... about 3 years
during which period it rose from 7.5% to almost 12% .
Some of the Bank including
HDFC Ltd have already started kicking off rate cuts . Although , initially
it appears to be festival bonanza , but due to idle funds available with
Banking Industry as a result of rise in lending rates and sudden steep
fall in lending, Banks have no other alternative but to make necessary
corrections so as to bring liquidity of funds to reasonable level . Secondly,
with NPA'a in home loans according to less than 1% there is no other option
for the bankers to offer lucrative rates to the home loan borrowers .
The Lead for kicking
off rate cuts in home loans has come from HDFC Ltd , Bank of Baroda and
Allahbad Bank and several other Banks are likely to follow suit in the
coming weeks . The trend is likely to continue till the lending rates
are lowered to a reasonable level within the reach of common man . Banks
also cannot afford to park their idle funds in low- yielding Govt. Securities
.
Like Banks coming out
with innovative schemes for home loan borrowers , builders / developers
in real estate sector too came out with new Concept of Assured Returns to
investors in their Project where all the parties , the buyer and the developer
find themselves in a happy situation ; the buyer getting return on his investment
from day one and the developer getting necessary funds at a very very reasonable
cost .
Let us therefore
hope that real estate sector which had come to a stand still due to sky
- rocketing interest rates will spread its wings once again with the kick
- off in interest rates cut which is welcome step by all and sundry let
us hope that this trend will continue till lending rates are again brought
down to a reasonable level of 7 - 7.5 % .
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