Property developers plan more launches in the sub-Rs 20 lakh category of homes, after yesterday’s Budget concession.
The finance minister had said there would be an interest subsidy of 1 per cent for one year on loans up to Rs 10 lakh for properties worth less than Rs 20 lakh. This is expected to boost this housing segment.
Developers such as Unitech, Omaxe, Puravankara, Lodha Developers and Ansal had already moved into the sub-Rs 20 lakh category, as the economic downturn, coupled with fear of job losses and salary cuts, slowed sales of premium housing projects, lowering their cash flows.
More : business-standard.com
Send an E-Mail for Noida Property Enquiry!
Related News from Noida
Realty builds on affordable homes
Ekam and Roma Bansal’s (names changed on request) dream of owning a home came true last month when they booked a 12th-floor two-bedroom apartment on the Greater Noida Expressway, near Delhi. They will be paying about Rs 30 lakh, of which some Rs 20 lakh will financed by a loan. The Bansals are thanking their stars that they failed to seal a deal in the past two years they were looking to buy an apartment. Prices in the National Capital Region (NCR) are currently down a third from their peak at the end of 2007 and the slowdown has forced
Mayor Realtors J6 Sector 18
Mayor Realtors J6 Sector 18 is a location in Noida in India. If you have seen Mayor Realtors J6 Sector 18 , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Mayor Realtors J6 Sector 18 is important to us. Please provide you comment / review / article on Mayor Realtors J6 Sector 18 in Noida below.
IDBI Bank unveils HOMES 2009
IDBI Bank launched a three-day exhibition on housing finance named “IDBI Bank HOMES 2009 Property Exhibition” at Noida Expo Center, Noida. This exhibition provides a home loan seeker a variety of options in terms of property across Delhi NCR. All big names in the real estate business are showcasing their upcoming projects in this exhibition. Speaking at the inauguration of the Homes exhibition at Noida, Shri Yogesh Agarwal, Chairman & Managing Director, IDBI Bank Limited, said, "All applicants who evince interest in availing a home loan during this exhibition have the option of “book now pay later”. In addition, the Bank
Trader duped of Rs 15 lakh by fake property dealer
Beware of property dealers who promise you deals at rates lower than the existing market rates. K N Aggarwal, a retired export businessman residing in Noida Sector 40, was duped of Rs 15 lakh by a property dealer who opened an account using a fake identity, encashed the cheque and vanished. In his complaint lodged with the station house officer at Sector 39 police station on Tuesday, Aggarwal said Vikram Sharma, a property dealer whose office was in Noida Sector 62 promised him a flat at a rate that was Rs 200 less per sq m than the existing market
Affordable realty a big hit in Bangalore
Affordability is not a new buzzword for people looking for property in Bangalore unlike other parts of the country amid the economic downturn. The city has the maximum demand - of around 75 per cent - for affordable homes in the sub- Rs 40 lakh category, according to a survey conducted by property portal and research firm Makaan. com. Chennai, Mumbai and Delhi follow Bangalore with 65 per cent, 53 per cent and 52 per cent, demand in the segment, respectively. The survey, titled The Real Picture' was conducted on a pan- India level in major metros and non- metro cities
Realtors to cut rates
New Delhi-based real estate developers DLF and Parsvnath plan to cut property prices by as much as 15 per cent in the next few months to boost sales. The cut comes as part of their plans to launch affordable housing project to lure buyers. Referring to slowing sales, Rajiv Singh, VC, DLF, said the cut in prices will be visible in the next three months. The developer has already cut prices in Hyderabad. The new projects are expected to be at least 10-15 per cent cheaper than similar projects that were announced a year ago, he said. DLF today indicated
Dream house still a dream
Their dream homes have become their worst nightmare. For last three years, more than 14 professionals are paying hefty EMIs every month for housing loan. However, not a brick has been laid since a Noida-based builder came up with residential project on NH-24 in 2006. Nitishree Builders came up with the Shouryapuram project on NH-24 in 2006 but the project work is yet to take off. The miffed professionals have registered a written complaint with the Noida Police against the builder, alleging they were suppose to get the possession of their properties by June 2009. The professionals