Rising Interest Rate Pose Real Threat

Residential property prices have increased by up to 10% in many major cities according to the latest data from the National Housing Bank. The big positive that can be drawn from the current scenario is that the government recognises that a boost in the real estate market will help the weakening economy but this can only happen if construction costs are brought down and people are encouraged to buy their own homes. Banks and finance companies...

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Noida Extension buyers want banks to waive interest

The authority of Greater Noida is offering builders with a ‘zero period’ for paying installments. The home buyers are not too happy with it and demand from the lending banks to make all the EMIs interest free paid during the land row. Bank 80 home buyers have formed a group and have joined hands to mount pressure on banks to waive off the interest on their EMIs. According to the buyers, banks are also to be blamed in the Noida extension...

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