13/10/2012
Cut in Interest rates :Increase in demand of villas in Bangalore for all builders in Bangalore.
If the interest rate on a home loan is brought to a single-digit figure, there will be a spurt in demand in the housing sector, which will help revive the economy, elaborated by Mr.Tallam Anugraha Builders & Developers, one of the top real estate builders in bangalore real estate market.
http://www.anugrahabuilders.com/home.html
Anugraha builders& developers, are one of the Top Builders and developers in Bangalore and has vast experience and expertise in the area of architecture and design. They have constructed many Luxury and Premium villas in Bangalore. Some of their villas for sale in Bangalore are green acres, green ville, sai anugraha enclave etc. which also consists of some independent house.
A huge impetus to the real estate sector can help arrest the present slowdown in the economy to a projected growth rate of around six percent in 2012-2013 as against 6.5 percent in 2011-12 and 8.4 percent in 2010-2011, real estate experts say. In 2008-09 also, when India’s growth had slowed down to 6.7 percent, from 9.3 percent in the previous year, the revival of the real estate sector due to the launch of houses in the affordable segments led to a turnaround in the economy, which saw a growth rate of 8.4percent in 2009-10.
A revival in the real estate sector will have a positive impact on 250 industries. Jain, who is demanding that real estate sector not be meted step-motherly treatment by the government, says that if the sector is given what it deserves, it will help revive the economic growth in the country.
As the home loans given by banks to homebuyers are backed by solid collaterals, the chances of default by borrowers are very low. But still, as the banks are discouraged by the Reserve Bank of India (RBI) from giving home loans, they charge high interest rates, in the region of around 10 percent. Jain says that nonperforming assets created in the home loan sector are mainly due to delay in the payment of installments. But, overall, there are hardly any cases where banks could not recover their money in the housing sector. Jain says that, therefore, banks should charge an interest rate of seven percent on home loans. In fact, a the net loss due to non-performing assets in the home loan segment is almost nil, banks should lend at the rate equivalent to cost of funds including the administrative charges. If a home loan is brought to seven percent, there will be a spurt in demand in the housing sector, which will help revive the economy.
In fact, if the interest rate on home loans is brought down to seven percent from the present level of around 10 percent, an individual’s borrowing capacity will go up too. If the interest rates fall by around three percentage points, an individual’s borrowing capacity will go up by almost by 25 percent. That means, with the same EMI, he can borrow almost 25 percent more at seven percent interest rate than he could have borrowed at 10 percent.
An interest rate cut will trigger a boom in the real estate market and is sorely needed to support this sector. This has the potential to kick – start nearly 300 affiliate industries, which can contribute to the Index of Industrial Production. To aggressively kick-start this sector and uplift the sentiments of the retail customer, this rate needs to be brought down to a single – digit figure.”
At the same time, the RBI should allow banks to lend to developers directly. This will not only bring down the cost of funds for developers, but will also increase the supply of apartments and houses in the market. This will create competition in the market and help in containing the prices of residential units.
Projects of Anugraha builders& developers
Project_green ville( luxury villas in bangalore )
One of the anugraha builders & developers,project under luxury villas in Bangalore is green ville.Anugraha Green Villas , is a well designed housing enclave with 204 superbly Designed exertive villas in the township called Green Villas. Each valley is thoroughly planned for a feel of elegance .
Project_green acres( luxury villas in bangalore )
Another project under villas for sale Bangalore is green acres, a BMRDA approved layout and just 15mins drive from electronic city. Blissful natural Surroundings, beautiful landscaped parks, water bodies , ultra facilities and a chance to live life luxuriously without burning a hole in your wallet.
Project_sai anugraha( luxury villas in bangalore )
Anugraha builders & developers,builders in Bangalore, constractor of sai anugraha enclave, located on the Main STRR ( Satellite Town Ring Road). ANUGRAHA ENCLAVE is a blend of sites, Villas and Apartment projects which is designed with unique Amenities , which support your need.
Services
"Quality is primary" to Anugraha Builders & Developers. Anugraha Builders & Developers are professionally managed and a significant force in an intensely competitive market this is because we treat our employees with respect and dignity having broad experience in the field of land developers.
Anugraha builders& developers, Bangalore based construction company which has vast experience and expertise in the area of architecture and design, builders in Bangalore, villas in Bangalore, Bangalore real estate. some of their constructions are green acres, green ville, sai anuraga enclave.
