BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook Twitter Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook Twitter Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Realtors expect rise in property demand after RBI’s rate cut
Finance

Realtors expect rise in property demand after RBI’s rate cut

DeepBy DeepFebruary 4, 2016No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand.

SPECIAL: How to win a good property deal

“Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties are good moves for home buyers,” Confederation of Real Estate Developers Association of India (CREDAI) Chairman Pradeep Jain said.

In its annual credit policy, RBI has asked banks not to levy foreclosure charges or pre-payment penalties on home loans extended on a floating interest rate.

The country’s largest realty firm DLF also welcomed the decision, saying it would significantly improve the cash flows of developers.

“It is a positive news although very-very delayed. This will benefit home buyers besides the industry. It will improve cash flows tremendously,” DLF Group Executive Director Rajeev Talwar said.

Jain too said that liquidity for developers would improve and cost of funds would be cheaper.

On demand, Credai Chairman said the move would definitely boost housing demand.

However, property consultant DTZ India CEO Anshul Jain felt more measures need to be taken to have a positive impact on housing demand.

“It is a step in right direction although lot more measures need to be taken before we see any effect of the rate cut on the real estate sector,” said Jain of DTZ.

The housing demand, which is very subdued currently, would only rise if the interest rates on home loans come down to below 10 per cent, he added.

[“source -pcworld”]

Realtors expect rise in property demand after RBI's rate cut
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

18 Best Personal Finance Blogs To Follow In India (2022)

January 11, 2022

Get Paid to Write Personal Finance Articles: 21 Outlets to Pitch Now

January 10, 2022

How to Start a Blog That Generates $3817 a Month

January 5, 2022
Recent Post
  • Why asking, “How are you feeling today?” is so important for managers leading through change
  • SEPTEMBER 4TH GOOGLE UPDATE REPORTS ABOUT A MAJOR UPDATE
  • Writing an Article vs. Writing a Blog Post: What’s the Difference?
  • Microsoft 365 Business Premium is the Best Plan for Most Businesses
  • Stocks making the biggest moves midday: Shopify, Etsy, Twitter and more
  • Stocks making the biggest moves premarket: Dick’s Sporting, Express, Wendy’s and more
  • Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials
  • Realme Pad Mini launched in India with 8.7-inch display, price starts at Rs 10,999
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2023 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.