Archive | November, 2008

ForClosure of ICICI Bank Personal Loan

November 30, 2008

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This blog just posts information for ForClosure the personal loans availed. This is common practice to close the loan before the period is over. For example if you got 2 lakhs as Personal Loan in the ICICI Bank, then EMI for the two years tenure would be Rs.9556. Assume the rate of interest is 14% [...]

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Indian Property Rates may come down due to slowdown

November 27, 2008

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Real estate companies are likely to slash prices to boost demand in reality business. It is to be noted that Union Finance minister, P Chidambaram recently asked industry to slash prices so that the desired targets of industrial growth can be achieved. Realtors seem to get the message and are expected to decide on price [...]

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DLF Reduces Jobs

November 27, 2008

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The ongoing world economic crisis has widely impacted the real estate sector. The largest real estate company in India, DLF has announced various measures to cut costs and reduce unnecessary expenses. DLF would terminate services of some of company’s employees and stop working on some of its projects. Unitech and Parsvnath Developers also retrenched their [...]

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India’s Real Estate boom Dying

November 27, 2008

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Many large realtors are in dire financial straits, their shares have been battered and real estate prices are dropping. As with all economic transitions, this one too has both good and bad aspects. The good comes from the fact that the vertiginous rise in real estate prices over these past five years had put home [...]

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India’s Popular Property / Real Estate Sites

November 25, 2008

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Best Property Deals Best property deals is one of its kind portal which caters best projects and for best deals to its users. They are only working with selective developers as they want their visitors to find what they are looking for without getting into hassle. www.99acres.com Real Estate India – Buy, sell, rent or [...]

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Home Loan Interest Rates after Economy slow down

November 25, 2008

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Home loan interest rate (20 year loan) below 20 Lakhs as on Nov 19, 2008 Banks Floating Current Benchmark Rate Markup/Markdown to Benchmark rates Fixed(For the entire tenure) Fixed(With reset clause) Reset clause after how many months Allahabad Bank 10.5 13.25 2.75 NA 12.25 36 Andhra Bank 11.0 13.25 2.25 NA NA 0 Axis Bank [...]

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Best Builders in Bangalore

November 25, 2008

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Sobha DevelopersURL: http://www.sobhadevelopers.com Mantri GroupURL: http://www.mantri.info Prestige GroupURL: http://www.prestigeconstructions.com Puravankara Group URL: http://www.puravankara.com Brigade Group URL: http://www.brigadegroup.com Salarpuria Group URL: http://www.salarpuriagroup.biz India Builders Corporation (IBC) GroupURL: http://www.indiabuildersco.com Adarsh Group URL: http://www.adarshdevelopers.com RMZ CorpURL: http://www.rmzcorp.com

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Finance Minister Assures growth of Indian Economy

November 25, 2008

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Finance Minister P. Chidambaram on Monday asserted that despite the global meltdown, India, unlike many other global economies, would continue to grow at seven to eight per cent this fiscal. It was nowhere near a recession.Inaugurating the Economic Editors’ Conference here, Mr. Chidambaram pointed out that such a level of growth, even as the global [...]

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Private sector banks may reduce the lending rates : Chidambaram

November 25, 2008

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Finance Minister P Chidambaram on Tuesday said private sector banks will be forced to cut lending rates sooner than later due to competition from public sector counterparts. “Public sector banks have reduced their prime lending rates by 75 basis points and extended it to all kinds of loans, like home loans and personal loans. Private [...]

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