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Urban Development Secretary said to the www.propertykhazana.com that, “Ministry has concocted extricate the package for the realty industry, which will be soon sent to the finance ministry for cogitation. Ministry has called for assuagement in rules for foreign loans, such that real estate conglomerates can run over the cash flow chomp.” The memo has also asked the finance ministry to allow other douses like relisting of total debt of the realty industry and decrease in housing loan rates for reasonable residences. NAREDCO has urged for the correction in the interest rate on housing loans for about 4-5%. The rate of interest on housing loans is increased from about 8% to about 13%. Nearly 90% of house purchasers go for loans to purchase residences, but with calcify of interest rates and cash flow chomp in the market demand for residences has been boosted, adds the source.
As per to the sources saying @ the www.propertykhazana.com, council has also recommended to relist the bank debt to the developers with a deferment of about 1-3 years and the total debt of the realty is to high for about Rs. 30,000 Crores. The industry body has also urged for a reduction or rules for foreign loans and statement of current ventures as NPAs. For now, to get the regarding improvement in the land rates, NAREDCO has appealed its members to cleft rates by lessening costs, cutting profit margins, shrink in advertising and brokerage costs. Banks are getting nervous over loan disbursals to the realty developers, though the developers handle to get loans from banks, they are forced to have secondary with the banks. In addition, property market has seen a plunge in PE fund flow, added the source at the www.propertykhazana.com.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in New Delhi

Aug 01, 2015
Victorian Corporation is offering 2 bhk flat in Dwarka L Zone Delhi in its new residential project Victorian Privilege. The project is located in..
Jun 11, 2014
Antriksh Group launches a world class famous residential project of Antriksh Golf City noida. Types :Apartment, 2BHK, 3BHK Sizes :1050 - 1665 sq..
Apr 11, 2014
Well located apartment available for sale with all the modern amenities like power-backup, intercom, 24 hours security with CCTV surveillance,..
Mar 15, 2014
3 Bhk apartment for sale in rohini ........Please contact for more..
Mar 12, 2014
Available 1st and ground floor for sale at reasonable price,2+1 with 1 attached toilet,white marble flooring,modular kitchen,very near to main..
Feb 22, 2014
3 bhk apartment for sale in rohini delhi north.....please contact for more..
Feb 22, 2014
3 bhk apartment for sale is available in delhi north ..........please contact for more..
Feb 11, 2014
When you want to create a fresh perspective for your life, this is the best real estate option for you and your family. A self sufficient township..
Feb 10, 2014
Corner,200 yards (1800 sq Ft covered area),Freehold property,located in commercial road,in LAJPAT NAGAR-1, New Delhi.Three side balcony,3 Big Bed..
Dec 07, 2013
House is a building for human habitat on. It is one of the basic needs for many people, owning a home brings a sense of pride freedom that cannot..
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Apartments, Flats and Property for Rent in New Delhi

Jul 19, 2016
For Rent New Friends Colony, Newly Built Second Floor 3 Bedrooms attached bathrooms, Drawing-Dining, Modular Kitchen, Excellent Wood work, Car..
Jan 14, 2016
For Rent at New Friends Colony, Nicely Built Third Floor 3 Bedrooms Attached Bathrooms, Drawing, Dining, Modular Kitchen, Car Parking, Woodwork,..
Jan 14, 2016
FOR RENT DEFENCE COLONY NEWLY BUILT SECOND FLOOR 4 BEDROOMS ATTACHED BATHROOMS, DRAWING, DINING, MODULAR KITCHEN, CAR PARKING, LIFT, S.Q. RENT..
Jan 06, 2016
FOR RENT DEFENCE COLONY NEWLY BUILT SECOND FLOOR 4 BEDROOMS ATTACHED BATHROOMS, DRAWING, DINING, MODULAR KITCHEN, CAR PARKING, LIFT, RENT..
Mar 12, 2014
Available 1st floor on rent in affordable price,2+1 with 1 attached toilet,white marble flooring,modular kitchen,nice location,very near to main..
Feb 25, 2014
Fully furnished 1 room with attached bathroom surrounding by green..
Jan 04, 2014
We offer our 3 BHK furnished apartment in defence colony. Apartment has three bedrooms with attached bathrooms. It has a modular kitchen which is..
Jun 05, 2013
1 ROOM SET, 1 BHK AND 2 BHK FULLY - FUNISHED are available for Rent in New Delhi at VASANT..
May 04, 2013
leigh appartment first floor for family, for sale in New..
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