Why will banks lend more to realtors in times of accelerating slowdown?
Expect the markets to take the Reserve Bank of India’s (RBI) persuasive moves on Saturday to direct lending to real estate sector with a pound of salt. The simple point being, when current loans are...
View ArticleHome loan interest cut won’t help flat buyers of mumbai
Home buyers looking for flats on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks on Monday....
View ArticleReddy seeks more aid for real estate
With an aim of reversing the slowdown, Urban Development Minister Jaipal Reddy has sought an additional package for the real estate sector. In a letter to the Prime Minister, Reddy has stated that...
View ArticleThe revised Direct Tax Code (DTC) got approval
On June 15, the revised Direct Tax Code (DTC) was released which has got approval now. This new DTC will be implemented from 2011. The aim of this revision is to simplify the existing income tax laws....
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