Latest Answer: @Abhi,
Manoj Gaur, MD, Gaursons India Ltd told that with this move, stakeholders are now expecting the sales to improve as more potential customers will think of buying homes as the interest rates will be reduced. With weakening rupee and core sector index shrinking to 0.4% in the month of April, this move by RBI shows aggressive decision making which will be very crucial for the upcoming months.
Latest Answer: @Shantanu,
For the moment, bankers across the board welcomed the rate cut move, which comes within days of the Budget'15 and an agreement being reached between RBI and the government over inflation targeting.
Private sector lender Yes Bank's Rana Kapoor said he expects cuts of 1.50% more this fiscal which will help boost the sentiment and re-ignite investments.
Similarly, Bank of Maharashtra's Executive Director R K Gupta said the rate cut shows the central bank's comfort about the quality of fiscal consolidation and is positive for growth.
Q:Buyers are not aware of their rights in cases of project being delayed by builders. If some one buying any ongoing project & the possession got delayed then what a buyer should do ?
Latest Answer: Dear friends, i feel one must see the approved layout plan, approved building plan, ownership documents, carryout search, commencement certificate, etc., before investing in a property. You should also buy property only from reputed builders after seeing their past real estate projects. In case you want to invest in Indian real estate sector which is booming at this moment, I would like to recommend you 'The Aranya Project' by Unnati Fortune Group based in Noida, which is offering great luxurious apartments with all modern amenities.