Formed with the
objective of promoting ethical and standard business practices in real
estate consulting in the State, the Andhra Pradesh Realtors Association
(APRA) completes two years and is organising second anniversary
celebrations at Hotel Taj Banjara on February 21.
A property show
‘Sontha Inti Sambaralu’ will be conducted by LIC Housing Finance
Limited in association with Aliens Group at Institution of Engineers in
Khairatabad on February 6 and 7.
Global recession,
situations resulting from Telangana agitation and add to the list a
whole lot of other issues, but fact remains that property buying has
been affected in last few months. Different projects, most launched
amid much fanfare, are faced with uncertain times with little interest
among prospective buyers these days.
Like all those likely
to be affected by developments on Telangana issue, those involved in
real estate activity in the city and suburbs remained besieged trying
to put in perspective its impact on construction industry.
Upping the ante
against banking leader SBI, Housing Development Finance Corp (HDFC),
the home finance major in the country, has decided to give loans at a
fixed rate of 8.25% per annum. HDFC’s new offer will be for all new
loans taken before April 1, 2010, and the 8.25% rate of interest will
remain fixed till March 2012.
“It was returning to
normalcy and arriving at a reasonable pricing, housing for middle and
salaried class is on offer now. Hope, the present situation does not
affect the prospects,” prays a builder with project on the city
outskirt.
