
Luxury homes: From desire to basic need
Covid-19 has given rise to a convergence between “luxury real estate” and “quality of life,” where the two are now seen as being synonymous. People now want houses with more facilities.
Covid-19 has given rise to a convergence between “luxury real estate” and “quality of life,” where the two are now seen as being synonymous. People now want houses with more facilities.
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.
However, the central bank maintained a neutral policy stance as it seeks to rein in inflation and boost the weak rupee.
A spate of banking frauds, arrests of the top management at some banks and mounting bad loans have led to drying up of debt from financial system. So who will fund India’s growth story?
Formerly JRG Securities, Inditrade recently divested its equity broking arm and is now betting big on microfinance and housing finance, with a special focus on empowering women entrepreneurs.
The central bank announces several measures along with the rate hike, including increasing the limit for home loans, to qualify for “priority sector lending”.