In the wake of interest rates coming down, realty companies seem to be banking on low cost affordable housing projects.
The Reserve Bank of India Deputy Governor Rakesh Mohan urged housing finance companies on Sunday to look at designing home loan repayment structures which would suit individuals with irregular income flows and in need of affordable houses.
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
Budget for women and children welfare increased from Rs 1,56,528 crores to Rs 1,84,632 crores for 2017-18
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
The government's vision of "housing for all by 2022" may turn out to be an uphill task with developers keeping off low-cost housing projects citing regulatory hurdles, high land cost and low returns making such projects "unaffordable".
Real estate developers are increasingly reducing the size of apartments to make these affordable at a time when property markets are going through a prolonged slowdown.
After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
Ramalingam Kalirajan explains the pros and cons of both investment types.
The Bharatiya Janata Party has released its manifesto for the upcoming Nagaland assembly elections, promising a special package for the eastern part of the state and establishment of a board for the holistic development of the region if the party returns to power for the second time in a row.
'The inflection point that really happened in the sector was during the pandemic when buyers' perception changed towards consumption and that gave a trigger to pent-up demand with the increased affordability.'
While people voted in a fifth round that will set the tone as this election rounds into the straight, and while Modi on the stump chews the cud of personal grievances and hackneyed promises that have long since passed their use-by date, there is a rogue wave rising -- what damage it will do, we will know 16 days from today, observes Prem Panicker.
While political experts claim that the Modi Magic is missing in the 2024 general election, the common people in the street -- at least those in the crowd on Thursday -- vow that they will vote for Modi and the candidate who contests the election doesn't matter much.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
'Look not just at the interest rate but also the processing fee.'
The Piramal Group on Friday said it is planning to move the Supreme Court to appeal against an order by insolvency appellate tribunal NCLAT, which sent back its winning bid for DHFL to the debt-laden finance company's lenders for reconsidering the valuation. Piramal Capital & Housing Finance Ltd in a statement said that "the Dewan Housing Finance Corporation Ltd (DHFL) acquisition by Piramal Group remains unaffected and the business integration continues as envisaged". The National Company Law Appellate Tribunal (NCLAT) on Thursday, while delivering a judgement on 63 Moons Technologies petition had directed the lenders of DHFL to reconsider their decision regarding the valuation of the financial firm's avoidable transactions, while approving the insolvency resolution plan submitted by Piramal Capital & Housing Finance Ltd.
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
It will be National Housing Mission which will be launched soon
'Commentators have said that dealing with allies as equals will make Modi more sensitive.' 'Remember that the people Modi is dealing with are equally autocratic in their own lairs.' 'Further, Modi always has handy the threat of dissolving Parliament and calling for fresh polls.' 'Most of his own party, and certainly his allies and opponents having blown their budgets of efforts and resources in the just concluded elections, have no stomach for this.' 'They are all greatly looking forward to the loaves and fishes of office on offer.' 'That gives Modi an unbeatable advantage in any push-comes-to-shove situation,' explains Shreekant Sambrani.
If you have been planning to buy a house, don't postpone your purchase. Developers are offering discounts, freebies and attractive payment plans.
Expelled Lok Sabha MP Mahua Moitra on Thursday failed to get any relief from the Delhi high court which refused to stay the eviction notice issued to the TMC leader asking her to vacate the government bungalow.
The woes have become a serious issue of concern for Bengalureans, especially in Whitefield, KR Puram, Electronic City, RR Nagar, Kengeri and CV Raman Nagar.
The Sikhs, especially in Punjab, are already angry and frustrated, cautions Shekhar Gupta.
With GST, demonetisaton and the banking sector reset, investment banker Christopher Wood expects PM to focus on generating jobs ahead of the 2019 election.
Developers have demanded lower borrowing cost for the housing sector as well as reduced taxes to promote affordable housing.
The FM may remove supply side constraints to control primary inflation.
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
Dialogue is the only way to address outstanding problems between Pakistan and India, as both countries cannot afford wars, Pakistan Prime Minister Syed Yousuf Raza Gilani has said.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
Proprietors Yadgar Marker and his daughter Phiroza launched a "Save India Club" appeal as they fought to keep it going but have now announced its impending closure.
'India has formed tremendous resilience and still a strong growth.'
Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped.
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
Improving economic sentiment, enabling policies and growth in key emerging sectors may help attract 30 per cent more private equity funds at $6 billion in the realty sector next year compared to 2020, says a report. PE investments into the realty space is expected to dropped to $4.6 billion in 2020 due to decline in the overall economic activity hit by the pandemic-driven lockdowns, according to a report by global property consultancy Savills India. The next wave of investments will be driven by warehousing, affordable housing and data centres apart from commercial office which will continue to see steady improvement, says the report.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
MSD Wellcome Trust Hilleman Laboratories, the joint venture to develop affordable vaccines for low-income countries, will take off by next year.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances