Latest Answer: Right Sasidharan,
The state hopes to mop up around Rs.3500 crore to Rs.4000 crore with the move and the premium received will be shared equally between the state government and the civic body.
Latest Answer: And soon they are ready to announce a new formula on base rate- the floor rate at which they lend their best rated borrower. This revised formula is aimed to speed up transfer of policy rates to end user. Thus revision in policy rate would reflect in the lending rates of bank faster the case is right now.
Q:
It is estimated that the 3rd phase of the project cost Rs 23136 cr and will be developed on a cash-contract basis, not under the build-operate-transfer model.
Latest Answer: After the completion of this project, it is expected that the corridor will be completed by FY20 which will carry 1.39 million commuters daily by 2021 and 1.7 million a day by 2031.
Latest Answer: Sometimes an investor is better served by a banking relationship, and sometimes a mortgage loan officer is a better fit…all depending on the scope of the investment plan.
Q:
Maharashtra CM Devendra Fadnavis had recently formed a infrastructure panel and it is expected that the financial issue relating to MSRDC will also be raised in its first meeting.
Latest Answer: Hi all,
As per the latest news, the proposal of widening of Mumbai-Pune Expressway will be put forward in the committee and once it is approved, they will take a decision on raising finance. The MSRDC has land bank and it will be used on a commercial basis to raise fund.
Latest Answer: Hi,
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Q:
Right after the RBI's decision to keep the repo rates unaffected, 3 ace Indian Banks, which include the State Bank of India, ICICI and HDFC, leaders in the private sector, have cut their base lending rates.
Latest Answer: Earlier, this year, there is a significantly rate cuts (twice) by the bank effect the realty market as sales in Pune have settled down over the last 3 qtrs, and the most strength being seen mainly in the budget homes segment. This clearly indicates that the market is manipulated towards budget homes, and reduction in interest rates is a critical factor in affordability. I expect to have sales momentum to start lifting clearly, and also believe that more rate cuts will follow on the heels of the stronger economic signals being felt in the country.
Latest Answer: But decision is yet to come Kaushik.....and hoping for the best...
Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.
Q:
Nashik architects are experimenting with eco-friendly construction methods through various aspects like landscaping, open ventilation and energy saving techniques.
Latest Answer: Well, planting king palm trees near all windows, which gives a screening effect and ensures that the wind entering the house is cool. The air that enters brings freshness and also helps in controlling room temperatures.
Latest Answer: @Shreya,
If acquisition of properties are bit compact for the developers, benefits are bound come to the buyers. Thus, it gives us a clear view that, if a developer is granted with a reduced cost for acquiring land, the price of the projects will automatically come down. And as a result the developer will keep the margin of the profit and pass on the benefits to the consumer.
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