1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Real Estate Round Up in Last 5 Days

Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in

 
PRLog - Dec. 10, 2011 - Godrej Properties signs MOU with ICICI Bank

Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in various geographies.

Under this tie-up both entities will host various co-promotional activities for customers in India as well as for NRI's in UAE, Singapore, USA & UK. GPL will showcase their sustainable homes while the ICICI Bank offering is designed to provide an attractive proposition for home loan.

Property prices begins to move

Property transactions in major Indian cities were down by 20-40% for the past 6-8 months owing to high property prices & home loan interest rates. Buyers adopted a wait and watch approach. With unsold inventory piling up in all major cities, it was widely expected that property prices will come down.

As per the October 2011 MPI released today, the national index stood at 1483 compared with 1495 in the corresponding month last quarter, this is a drop of 0.8%. The fall in national index is attributed to the softening of property prices in key cities like Hyderabad, Bangalore, Mumbai & Ahmedabad, which fell by 21.6%, -7.8%, -5.6% and -2.8% respectively over the last three months. Giving support to the index were the property price movements in cities of Kolkata, Pune, Chennai and Delhi NCR that rose by 17.4%, 12.4%, 9.1% and 4.2% respectively over the last three months.

http://www.deal4loans.com/home-loans.php

# # #

Deal4loans.com is a completely independent Loan comparison service and our directory of lenders gives you all the information you need about the online loan companies you are considering and what they offer.

--- End ---

Click to Share

Contact Email:
***@gmail.com Email Verified
Source:www.deal4loans.com
Country:India
Industry:Finance, Loans, Banking
Tags:Real Estate, loans, Finance, Banks, loan rates
Shortcut:prlog.org/11746296
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share