Builders Association of India (BAI) at a recent meeting discussed issues related to make living safer and comfortable. Recent tragic events in Japan was a clear indication of the technology they used to build up that nation as it has withstood such a huge calamity. BAI will work towards upgrading technology and it will be achieved through workshops, symposium and seminars. The meet also mentioned about an exhibition of alternative construction materials and designs to cut down cost to help common man achieve his dream of owning a house. The BAI said it would continue training fresh civil engineers and diploma holders. (The Hindu, April 30, 2011)
Sunday 15 May 2011
Monday 9 May 2011
Rise in Home Loans
RBI’s announcement about interest rates in home loans may create a negative impact on real estate developers. This will be a bad news for those people who are looking to buy house as loan. Banks like ICICI, SBI and IDBI indicated that they would also increase interest rates in near future. With high construction cost, sure this is a blow to real estate sector.
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