India Reports: Real Estate Weekly Update - No takers for home loans unless prices fall

Indian real estate markets are in a cycle wherein there is weak demand, excess supply and lack of liquidity. Rentals are falling and realtors look to barter deals and restructure loans in order to complete projects. The government is likely to help ease transactions and allow FDI as credit unavailability continues. The biggest news of the week has been the lowering of home loan interest rates by State Bank of India for new buyers, albeit for a year. Will this trigger reduction by other banks? There is skepticism that buyers may not take loans unless prices fall.

-Chillibreeze Business Research Team

General Information / Trends on Real Estate
SBI Brings Down Home Loan Interest Rates to 8 Per Cent
Hyderabad Realty in a Flux
Bangalore Developers Move to Affordable Housing Segment
Real estate Sector to Turnaround in Two Quarters
Realtors Look to Barter Deals

Government Policy on Real Estate
Easier FDI Rules for Real Estate Likely
Noida May Alter Rules on Land Transfer

Real Estate Finance
Unitech in Talks with Private Equity Funds

Corporate News in the Real Estate Sector
HDIL to Restructure Loans

SEZ News
Adani Plans to Merge SEZs

Click here to read our reports on the Real Estate Sector