Market Sources, 2008-05-09
by India Research Team
Delhi, India
FINANCIAL INSTITUTIONS
Banks are indicating no reductions in home loan rates on immediate basis
According to Business Standard, housing finance institutions such as State Bank of India, ICICI and HDFC amongst others have ruled out any reduction in the home loan lending rates on immediate basis.
However, Union bank of India on 7th may 2008 made the announcement of reducing the lending rates on home loans of upto 30 lakh by 25-100 basis points.
SEZVideocon plans investment of INR 15,000 crore in Andhra to develop SEZ & FAB unit
As reported in The Economic Times, Videocon is planning to make investments worth INR 15,600 crore in a multi-product SEZ and a FAB unit in the Andhra Pradesh. The 5,000 acre SEZ is to be developed in a partnership with SMS Pharmaceuticals and Whitefield Paper Mill with an estimated investment of close to INR 7,600 crore.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,171 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918square feet, and has revenue of over 1.6 billion.
Contact Information
India.Research@colliers.com
 back to top
|