123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

Do Building Codes Prevent Disasters?

By Author: vinay kumar
Total Articles: 128

Recently the RBI has reduced the repo rate to a 5 year low this brings good news for end-users who are looking to buy a property in Chennai real estate. It has been noticed that real estate Chennai has been facing a slump after the recent floods. The reduction in repo rate brings cheers to builders as well as buyers of Ambattur property or flats in Anna Nagar. End-users are now beginning to do a property search so that they can avail loan at lower rates. The news could not have been better timed as many end-users wanted to exploit the Chennai real estate market as the property rates have touched an all time low.


With lowering of repo rate the home loans are set to become cheaper. The reserve bank of India (RBI) governor Raghuram Rajan's has decided to cut rates by 25 basis points to 6.50%. This is the first rate cut of the year. The governor hinted that more rate cut might be in the pipeline. It is expected that the home loan rates will come down significantly. The repo rate was earlier 6.75% and now it stands at 6.5%. Another .25% cut might be announced in the next couple of months. This news has cheered all the stakeholders of real estate Chennai. Builders who were already facing problems due to machinery loss, manpower rate increase, loss of time and materials and increased cancelations have welcomed the move. They believe now buyers will be prompted to do a property search and look for most desired property that they can afford.


On the other hand buyers too are extensively doing a property search. Many people have zeroed down on Ambattur property or flats in Anna Nagar. Others have chosen the locality according to their budget or location preference. As home loans are now cheaper and more affordable more and more people are doing a through property search. Chennai real estate market had crashed a few months ago as many investors had exited the market. The end-users now want to make the most out of the situation. Builders of Ambattur property and flats in Anna Nagar have seen a huge increase in the number of enquiries. The builders are hoping that the sales volume will revive soon and they are hoping that the retail bank will soon lower their home loan rates. Overall, real estate Chennai is applauding the rate cut announced by the RBI.

Makaan.com is a well-known website that offers information on property search and Chennai real estate.

Total Views: 53Word Count: 422See All articles From Author

Real Estate and Foreclosure Articles

1. Slated Window Coverings Enhance Rooms With A View
Author: Ciaran Pilkington

2. Find Best Model Homes From Reliable Home Builders
Author: roberrtdixo

3. Bhadra Legacy – New Luxury Apartments For Sale In Bangalore Near Mg Road
Author: Bhadra Landmarks

4. Never Miss These Things If You Are Planning To Buy A Property In 2018
Author: Varsha Reddy

5. How Technology Impacted On Real Estate Sector
Author: jaipall

6. Real Estate Best Option To Increase Your Wealth In U.s.a
Author: Reed Goossens

7. 4 Advantages Of Selling Your Home To A Cash Home Buyer
Author: Jesse Tsai

8. What You Should Know About Crankbrook Property Management Of Commercial Properties?
Author: Jack William

9. 7 Amazing Benefits Of Choosing Royal Docks Estate Agents
Author: John Pring

10. Residential Projects In Greater Noida West-eros Group
Author: Eros Group

11. Best Quality Real Estate Podcasts For Foreign Investors
Author: RSN Property Group

12. Ludhiana: Destination Next For Real Estate
Author: Akshay Rathore

13. Ferozpur Highways: Best Place To Buy Your Dream Home
Author: Finstem Group

14. Mysore Villa: A Home You Dream Off
Author: Finstem Group

15. Ghaziabad Housing Experts’ Predictions And A Lot More
Author: Ghaziabad housing experts’ predictions ..

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: