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SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

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SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

Last updated: May 18 2011
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  • SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

    Following recent developments may force property prices to reduce if buyers are patient:

    1. SBI bad home loan % up 40%. SBI is strict in giving home loans...They check all legal aspects of project and ability of buyer before giving home loan. So, other banks may have same issue.
    2. RBI Rate hike...costlier home loans...more hike yet to come.
    3. Cash Crunch for Builders...raising capital at 20+% rate... builders desperate to sell

    Less demand + desperate builders = buyer's market is around the corner.

    Thoughts?
  • #2

    #2

    Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

    Can you please provide some supporting documents, links to this thread?

    Comment

    • #3

      #3

      Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

      Originally posted by VPAT413 View Post
      Can you please provide some supporting documents, links to this thread?

      Kya yaar, sab cheez ka reference mangte ho.....
      Price badhega aisa bolne wale aur
      price girega aisa bolne wale......sab apne apne hisab se bol rahe hai, aur tumko abhi supporting docs chaiye.........kaunsi IT company mein ho bhaisahab??

      Comment

      • #4

        #4

        Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

        Originally posted by rajtjrll View Post
        Kya yaar, sab cheez ka reference mangte ho.....
        Price badhega aisa bolne wale aur
        price girega aisa bolne wale......sab apne apne hisab se bol rahe hai, aur tumko abhi supporting docs chaiye.........kaunsi IT company mein ho bhaisahab??
        bolne waale do diwali se bol rahe hain, par kuch hua nahi. ab kisiko bharosa nahi

        Comment

        • #5

          #5

          Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

          i dont think so anyone can surely predict when property prices go down...

          Comment

          • #6

            #6

            Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

            Here is the link :

            SBI stock dips over 8% after Q4 results

            Comment

            • #7

              #7

              Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

              Originally posted by suryawork View Post
              Agar SBI phata to koi na bahechga ... it would be bigger than Goldman Sachs.
              Bas ghoda gadi bachengi

              Comment

              • #8

                #8

                Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

                Private lenders make most of realty cash crunch, earn hefty interest

                Originally posted by VPAT413 View Post
                Can you please provide some supporting documents, links to this thread?
                Private lenders make most of realty cash crunch, earn hefty interest - The Economic Times


                Builders have no choice. Any money is good money at such times of crises.

                With interest rates rising eight times in the last one year, home sales have dipped in many markets and consumer advances have declined. A series of scams in the country involving real estate firms haven't helped either. This is putting pressure on builders who need to repay loans to banks.


                As of March 31, 2011, real estate firms had to pay loan installments of 25,000 crore to banks. But still developers are not willing to reduce home prices. "Till they have liquid unencumbered collateral, they can easily get money from different moneylenders. Till then, they will not reduce prices," said Anckur Srivasttava, chairman of GenReal Property Advisers.

                so, if the buyer has a capacity to pay 40% of the down payment (interest free), builders are definitely ready to reduce prices, rather than availing a loan from private lenders at a 24% rate of interest.

                Comment

                • #9

                  #9

                  Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

                  At current scenario, I think staying away from investing in Real Estate is the best option for the people like us who spend our major part of salary in emi. I have seen similar phase in Hyderabad where the rates were increasing by Rs. 200 every month, and when it crashed, it went down by Rs.1000+ at one go.

                  Comment

                  • #10

                    #10

                    Re : SBI bad loan up RBI Rate hike Cash Crunch for Builders Prices going down

                    we seem to be heading towards second dip :-s....last time we hoped for going upwards but inflation is eroding hopes..

                    Comment

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