Recently submitted articles by Sapna Rani
| Most recently submitted articles by by Sapna Rani Provided by Amazines.com |
| AUTO, HOME LOANS SEE REVIVAL: KAMATH |
| by Sapna Rani |
| 09/10/2009 |
| Credit demand from consumers seemed to be back on track, especially in sectors such as auto and home loans though banks had cut down unsecured loan exposures, said KV Kamath, chairman of ICICI Bank. "So far as mortgages are concerned, I think they are back from where they were a year ago. The tension between buyer, builder, and the lender is now more or less off. Auto sector financing is also back," Kamath said at the sidelines of a banking seminar. The chairman of the country's largest private sector bank felt 80 per cent of the consumer loans were back, the remaining 20 per cent mostly unsecured loans had taken a back seat. "Unsecured consumer credit is certainly hit. Banks are not lending unsecured loans," he said. "We at ICICI Bank have significantly slowed down unsecured loans since one year. We only give unsecured l |
| REAL ESTATE REVIVAL STORY BEING SCRIPTED BY INVESTORS: ANALYSTS |
| by Sapna Rani |
| 09/10/2009 |
| The real estate revival story is being driven by the residential segment, but contrary to the claims made by a number of developers that end-users are their main buyers, the current trend is being driven by investors. "These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in many locations," says Sanjay Dutt, CEO business at Jones Lang LaSalle Meghraj (JLLM). He estimates that a good 40% of the stock sold in the last few months would have gone to investors. In Delhi-NCR, this figure might be higher at 50%. "Investors are back in good numbers and before the curve goes up, they want to buy. Some who have bought are already hoping to book profits during this Diwali," he adds. This could be a precursor to further improvement in investor sentiments, since investors would take this as a sign to look towards a sustainable run i |
| View more articles from Sapna Rani |
Free Articles provided by Amazines.com - The ULTIMATE Article Database |
*** You are receiving this message because you chose to be notified of any new articles submitted by Sapna Rani. To unsubscribe from this feature, please click here: Unsubscribe from Amazines.com. |
Categories:
0 komentar:
Post a Comment