SBI slashes home loan rates. Are you considering taking a loan?

BrixResearch Moderator says: India's largest commercial bank, the State Bank of India (SBI), has lowered its home loan rates to 8 per cent for new customers over the coming year. The new rate will be offered between Feb 2 and April 30, 2009. SBI will only levy 8 per cent in the first year, irrespective of the loan amount and tenure. Thereafter the customers will need to pay the earlier contracted rates, as applicable. This move will prompt other banks to follow the suit. 

- Will this news encourage home buyers in a slow market? 

- Are you considering taking a home loan? 

- Does this news excite you?

Would you pay little extra for energy efficient house?

BrixResearch Moderator says: As the world grapples with energy issues, real estate developers are experimenting with techniques that help them save energy and maintenance costs of property. A lot is being done on this front in India too. Many energy efficient buildings or ‘green buildings’ (as they are popularly called) are operational in the country. Presently about 65 buildings have the green rating in India. 

Energy efficient buildings may cost little extra than the conventional buildings but the long-tern maintenance is comparatively low. Would you pay little extra to install energy efficient features in your house? 

Share your feedback in the comments section. 

Detailed information on green buildings is available here

Which factors impact property price?

BrixResearch Moderator says: Of the following, which factors affect the price of a property:

- Location of property

- Quality of construction

- Façade of building

- Internal services/Maintenance Services

- Adequate Water and Power

- Parking facilities offered

- Social Infrastructure of the property

Share your opinion with us. Send your responses in the 'comments' section.