An incredible video by the Australian SBS DateLine on China. 64 million apartments are empty!   The empty malls and overconstruction seems just like Gurgaon’s Sohna Road or indeed much of the out-of-city developments in most metros. Sohna Road …

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I got a couple of emails that asked me about the new phase of real estate offers that go something like this:   (Yes, it’s real. Actual screen shot of this page) Other variations of such plans are like this: Take a loan, and builder will pa…

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My article at Yahoo: Cutting Real Estate Down To Size on their Budget Site. (Reproduced in full) In an economy that is seeing ridiculous levels of increase in real estate prices, it is strange that we continue to give it sops, sometimes to an extreme…

Posted in Budget2011, Credit Repair, RealEstate, Yahoo Comments Off

(Thanks to @Work_ant for mentioning this) HDFC increased its Retail Prime Lending Rate (RPLR) to 15% yesterday – see pic below – , up 75 basis points (0.75%) from December 1. This follows an increase in RPL increase of 0.5% on September 1. (Excu…

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The CBI yesterday busted a scam where executives in banks and fin-organizations took bribes (surprise!) to give real estate developers large loans. Among the arrested were a director of Central Bank, and senior executives of LIC Housing Finance, Punjab…

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From Business Insider : Look at this part: One clear clue (regarding the rising real estate prices in China) is that the average price-to-income ratio in Beijing has reached 27:1, five times the world average, according to data from the Bureau o…

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Harsh Joshi at The Wall Street Journal: Low interest rates, a rapidly recovering economy, and India’s never-ending demand for housing: it all adds up to a convincing case to invest in the Indian real-estate sector. But here’s an eye opener: pri…

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ET: RBI may shelve prepayment penalties on home loans

The Reserve Bank of India (RBI) plans to direct banks to stop levying penalty on pre-payment of retail loans, heeding to a long-standing demand of borrowers availing of floating rate loans who find…

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A new ICICI Home Finance advertisement on TV (no link) shows a young man telling his dad about his decision to buy a house. The father wisely tells the son about the scrutiny, background checks and legal work required to ensure the property is all ok -…

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Praveen Singh at the Indian Express on property developer Omaxe’s Execution Failure:

PM Senthil Kumar, a Delhi-based executive, booked a flat in Omaxe’s project called Galaxy in Sector 112, Noida. Since 2007, he has already paid over Rs 10 lakh to t…

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