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- Originally Posted by mamoldefeat in khadakwasala is bcoz congress internally never supported NCP candidate, the loss is khadakwasala will force AP (Deputy CM) to make compro and will force to have alias with congress in pune and PCMC elections.
The new BJP MLA, Tapkir does have some RE interest in this area. The Preyeja City off Sinhagad road has his stake. He also had relations with Sable builder too.
Btw, the farmers from whom land was forcefully acquired by Pawar & Co. for Nanded City are supporters of Shiv Sena. Now having a MLA who is not in favor of Supriya bai sule (local MP as this area falls in Baramati constituency), is not good for Nanded City. In coming PMC elections, if NCP looses (which is of high probability), & Nanded City area comes in PMC area, then Nanded City chaps had it :D.
All in all, Tapkir as BJP MLA is not good more Nanded City.
* PS:- Several NCP candidates who were in fray for tickets like Kumar Gosavi, Vikas Dangat, Bartakke were sad that they didn't get the ticket. The supporters of several NCP corporators in this area didn't work & Congress didn't participate either (though there strength is negligible in this area).
Btw, for these elections, Tapkir was roaming around in Black Tata Aria alongwith a white scorpio. In his election affidavit though, he has mentioned that he owns a black accent only :D :bab (34):.CommentQuote0Flag
- Some Updates
After credit rating agency downgraded SBI, Govt is going to infuse INR 5,000-8,000 Cr !! This had made me think how big the NPA portfolio of SBI must be. Just 2 yrs ago, SBI had cash surplus of over INR 30,000 Cr. Now where has this all gone ?? Hope something similar to US banks doesn't happen with SBI.
In other Pune RE news, Paranajpe Schemes has modified their project of Forest Trails, Bhugaon. Earlier there were only bungalows/twin bungalows. Now they have added apartments too !! Imagine what the chap who bought at Forest Trails must be thinking after hearing news of apartment right near his bungalow !! The buyers already spent around INR 1.2 Cr to buy a house which is not in livable area of now & add to it they now have flats too.
Now I wonder how the buyers here would be able to enjoy stuff like horse riding & all as it maybe shared by flat owners too, making less horses & more houses :D.
Earlier Blue Ridge & now Forest Trails...............Paranjape has become Goel Ganga Phase 2 :D.CommentQuote0Flag
- Reserve Bank of India warns of another global financial crisis
Reserve Bank of India (RBI) has warned of another financial crisis brewing, as global liquidity becomes a concern amidst central banks pegging their lending rates at near zero levels, leaving scope for another asset bubble to take down the global financial system.
"There is, thus, incontrovertible evidence that there is yet again a huge under-pricing of risks in the financial system and, therefore, it is not a question of if, but when, the generic asset bubble caused by manifold increases in balance sheets of central banks will burst," said RBI, executive director, VK Sharma in his address in Singapore on 'Identifying Systemic Risks in the Global Markets - Lessons Learnt from the Crisis'.
Source : - Reserve Bank of India warns of another global financial crisis - The Economic TimesCommentQuote0Flag
- Originally Posted by realacresAfter credit rating agency downgraded SBI, Govt is going to infuse INR 5,000-8,000 Cr !! This had made me think how big the NPA portfolio of SBI must be. Just 2 yrs ago, SBI had cash surplus of over INR 30,000 Cr. Now where has this all gone ?? Hope something similar to US banks doesn't happen with SBI.
Why the hell Govt has to give money to SBI and why not SBI asks the builders to pay their money back
Firstly the builders suck our blood by charging high rates and Govt does nothing to control the market.
Secondly isstead of asking these parasites to retrun the money they give the tax payers money to these goons!!
All in all the common man takes the beating over and over
Can anyone explain??CommentQuote0Flag
- No one can explain buddy.
You are perfectly true.CommentQuote0Flag
- SBI hikes home loan tenure to 30 years
There is some good news for home loan borrowers, with the State Bank of India increasing loan tenures by 10 more years.
Other banks are expected to follow suit.
Banks normally keep the equated monthly instalment on home loans intact and extend tenure to pass on the rate increase.
SBI has allowed stretching the loan repayment tenure to a maximum of 30 years as interest rates have risen by 250-300 basis points in the past year and a half.
SBI hikes home loan tenure to 30 years - Rediff.com BusinessCommentQuote0Flag
- Whats the point ? The interest component will recalculated and it will be more burden for the loan takers.CommentQuote0Flag
- This will work in favor of banks only. Customer will be hardly benefited. For 20 year tenure we pay interest equal to our loan amount for 30 years you can imagine the ratio for principle: interest. If banks are so concerned about the home buyers burden ask to payback builders their loan first.CommentQuote0Flag
- Originally Posted by DiptiThis will work in favor of banks only. Customer will be hardly benefited. For 20 year tenure we pay interest equal to our loan amount for 30 years you can imagine the ratio for principle: interest. If banks are so concerned about the home buyers burden ask to payback builders their loan first.
30 year loan means principal to interest ratio will be around 30:70 and 1st quarter of loan amount will be paid off in 17-18 years. One should not go for this big loan tenure, 10-15 yr loan is ideal.CommentQuote0Flag
- Originally Posted by UncleScrooge30 year loan means principal to interest ratio will be around 30:70 and 1st quarter of loan amount will be paid off in 17-18 years. One should not go for this big loan tenure, 10-15 yr loan is ideal.
this is simply to catch new bakaras... now builders will not ask the question non what is your budget? instead they will ask, *how much you can afford monthly"? and then on paper will show that the EMI falls in your budget .. :bab (34):
Nobody will care to explain the overall picture.. we need to see it ourselves...
JAAGO GRAHAK JAAGOCommentQuote0Flag
- Japan had 90 and 100 year loans at one point, so there's a lot of scope for growth here.CommentQuote0Flag
- Originally Posted by amitjjJapan had 90 and 100 year loans at one point, so there's a lot of scope for growth here.
:)..good one...but Japanese people have a longer life expectancy than us. So.....does that mean my next 2 generations will end up paying for my loan....CommentQuote0Flag
- U.S. rating likely to be downgraded again: Merrill
By Walter Brandimarte | Reuters – 11 hrs ago
NEW YORK (Reuters) - The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the U.S. deficit, the bank said in a research note published on Friday.
A second downgrade -- either from Moody's or Fitch -- would follow Standard & Poor's downgrade in August on concerns about the government's budget deficit and rising debt burden. A second loss of the country's top credit rating would be an additional blow to the sluggish U.S. economy, Merrill said.
- Another rbi rate hikeOriginally Posted by punerebuyerthis is simply to catch new bakaras... now builders will not ask the question non what is your budget? instead they will ask, *how much you can afford monthly"? and then on paper will show that the EMI falls in your budget .. :bab (34):
Nobody will care to explain the overall picture.. we need to see it ourselves...
JAAGO GRAHAK JAAGO
OOOps -another rate hike rom RBI due -in the news today. Cant imagine the EMis ????CommentQuote0Flag
- RBI hikes repo rate by 25 bps to 8.50%Originally Posted by kumarm77OOOps -another rate hike rom RBI due -in the news today. Cant imagine the EMis ????
The Reserve Bank of India (RBI) has raised the benchmark interest rates by quarter of a percent point on Tuesday, while keeping cash reserve ratio (CRR) rate unchanged at 6%.
Meanwhile, the adjusted reverse repo now stands at 7.5%.
The rate hike was not taken too well by the market, giving up thier early morning gains.
The RBI has also revised down its growth forecast for the fiscal year ending in March to 7.6% from 8% with a downside bias earlier, while sticking with its forecast that headline wholesale price index inflation will ease to 7% at the end of the fiscal year.
The likelihood of a rate move at its December review is "relatively low," the RBI said in a statement.
"Beyond that, if the inflation trajectory conforms to projections, further rate hikes may not be warranted," it said.
The RBI under Governor Duvvuri Subbarao has been one of the most aggressive central banks anywhere and has continued to take its fight to inflation even as its global counterparts like Brazil, China, Malaysia and Philippines have refocused monetary policy towards promoting growth.
It has also deregulated savings bank interest rates with immediate effect. Savings bank account rate will be linked with the policy rate at which the central bank lends short-term funds to commercial banks.
Accordingly, each bank will offer uniform rate on savings bank upto Rs 1 lakh. Banks may provide differential rates on savings bank over Rs 1 lakh.
RBI's policy rate hikes at a glance:
October 25, 2011
September 16, 2011
July 26, 2011
June 16, 2011
May 03, 2011
March 17, 2011
January 25, 2011
November 02, 2010
September 02, 2010
August 27, 2010
August 02, 2010
April 20, 2010
March 19, 2010
*The bracketed figures show Reverse repo and repo in percentage term.
Moreover, to increase secondary market liquidity in the government bond market and interest rate derivative market (interest rate swaps or IRS), RBI has decided to set up a working committee comprising various stakeholders to enhance liquidity.
This measure would help make those debt instruments more attractive and banks could trade in a bigger way in those markets, which are still not so active in India.
Source - Credit Policy: RBI hikes repo rate by 25 bps to 8.50%CommentQuote0Flag