The country's largest private bank, ICICI Bank, today said it is focussing on the home-loan segment as the real estate segment is witnessing a comeback after the economic slowdown.
"We are focussing on the home-loan segment at the moment as there is a lot of activity in this sector (home) ... people who stopped buying a few months ago, are back again," ICICI Bank's Managing Director & CEO Chanda Kochhar told reporters here today.
The bank had recently launched a home-loan scheme under which 8.25 per cent interstate be fixed for the first two-years for loans sanctioned from December 1, 2009 to January 31, 2010, irrespective of the loan amount. The first disbursement of the loan should be availed before March 31, 2010.
From the third-year onwards, the Lender would charge a floating interest rate depending upon the then prevailing floating reference rate.
Showing posts with label India Realty Expo 2009. Show all posts
Showing posts with label India Realty Expo 2009. Show all posts
Wednesday, December 16, 2009
Thursday, June 11, 2009
India realty expo in Dubai sees deals worth Rs 65.33 cr sealed
The 12th India Realty Expo 2009 held in Dubai saw 106 flats worth Rs 65.33 crore being booked, a senior real estate industry official said.
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"106 flats worth Rs 65.33 crore were booked (during the expo)," Maharashtra Chamber of Housing Industry (MCHI), CEO, Zubin Mehta, said in a press release issued here.
"Around 86 flats worth Rs 80.18 crore are in the pipeline when the NRIs come down to India in July-August on their annual vacation," Mehta added.
MCHI is a leading body of real estate builders and developers.
The expo evoked an encouraging response with 2,700 NRIs visiting the exhibition in three days during June 4-6, the release said.
"The softening of real estate prices and home loan interest in India were the key reasons that attracted a large number of NRIs during the expo," Mehta said.
Fifteen leading developers and builders showcased their properties at the realty expo.
Home finance institutions which participated in the expo included HDFC, DHFL and Bank of Baroda, the release said.
"Majority of the walk-ins was Mumbai-specific and this reflected into an opportunity for the developers to close a few deals during the expo itself," MCHI's Co-ordinator and Co-Chairman, International Exhibitions, J S Augustine, said.
That the expo took place in Dubai when the first signs of an economic revival globally were being witnessed also made a positive impact, he said.
The exhibition, which was inaugurated by Consul (Commerce) to the Consulate General of India, Dubai, Partha Roy, aimed to provide a one-stop solution to all the needs of NRIs intending to purchase a property in India, the release said.
MCHI's President, Pravin Doshi, describing the response as "encouraging", said that "this encouraging response denotes the demand and popularity of housing in India by NRIs in the Middle-East."
The 15 developers who participated in the expo were Ajmera Builders, Mayfair Group, Akar Creations, Better Homes, Everest Developers, Hiranandani Constructions, Marathon Group, Nahar Group, Nirmal Lifestyle, Nyati Group, Our Town, Pathy Housing, Pranjee Group, Rustomjee and Total Environmen
Also Read
Related Stories
News Now
- Govt clears Dubai's Damas, Gitanjali's JV for jewellery retail
- Indiainfoline's subsidiary part ways with Auerbach Grayson
- Dubai announces new pricing for govt services
- PNB to open five overseas offices
- Free stays and fun in Dubai for Emirates First & Business Class passengers
- Smart City stuck on land issue
"106 flats worth Rs 65.33 crore were booked (during the expo)," Maharashtra Chamber of Housing Industry (MCHI), CEO, Zubin Mehta, said in a press release issued here.
"Around 86 flats worth Rs 80.18 crore are in the pipeline when the NRIs come down to India in July-August on their annual vacation," Mehta added.
MCHI is a leading body of real estate builders and developers.
The expo evoked an encouraging response with 2,700 NRIs visiting the exhibition in three days during June 4-6, the release said.
"The softening of real estate prices and home loan interest in India were the key reasons that attracted a large number of NRIs during the expo," Mehta said.
Fifteen leading developers and builders showcased their properties at the realty expo.
Home finance institutions which participated in the expo included HDFC, DHFL and Bank of Baroda, the release said.
"Majority of the walk-ins was Mumbai-specific and this reflected into an opportunity for the developers to close a few deals during the expo itself," MCHI's Co-ordinator and Co-Chairman, International Exhibitions, J S Augustine, said.
That the expo took place in Dubai when the first signs of an economic revival globally were being witnessed also made a positive impact, he said.
The exhibition, which was inaugurated by Consul (Commerce) to the Consulate General of India, Dubai, Partha Roy, aimed to provide a one-stop solution to all the needs of NRIs intending to purchase a property in India, the release said.
MCHI's President, Pravin Doshi, describing the response as "encouraging", said that "this encouraging response denotes the demand and popularity of housing in India by NRIs in the Middle-East."
The 15 developers who participated in the expo were Ajmera Builders, Mayfair Group, Akar Creations, Better Homes, Everest Developers, Hiranandani Constructions, Marathon Group, Nahar Group, Nirmal Lifestyle, Nyati Group, Our Town, Pathy Housing, Pranjee Group, Rustomjee and Total Environmen
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