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Right time for land in Bangalore South – read this

with 2 comments

Given the RBI hiked the CRR yet again 2 days ago, the banks have cut their rates on their fixed deposit schemes almost immediately. Some banks did this even before the CRR rate hike came into effect thereby ending a dream run for investors looking to push their money into lucrative FD interest rates of almost 10%. While the stock market can deliver an average annualized rate of return of about 8-9%, FD’s are considered a more safe bet. By the way, the stock markets have tanked recently due to a spillover effect from the Dow.

Other developments include:

1. UTI Bank has been renamed to Axis bank – there is a brand name confusion between UTI (Unit trust of India) and the bank. This is what is mentioned on their website at: http://www.axisbank.com/aboutus/ChairmainAndCEOMessage/Chairmain-And-CEO-Message.asp

Coming to the post on the blog itself, is this the right time for purchasing land?

Not yet.

Banks haven’t reduced their fixed/floating rates of interest on home loan instruments as yet so wait on – their party is not over yet!

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Written by Naveen Athresh

August 2, 2007 at 11:39 am

2 Responses

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  1. […] Land hunt in Bangalore gets worse! Filed under: Stock market investing, Real estate investing, Strategy, Infrastructure — Naveen Athresh @ 10:58 pm https://ecofin.wordpress.com/2007/08/02/right-time-for-land-in-bangalore-south-read-this/ […]

  2. I am a Real estate agent operating in and around bangalore,I have some of the best lands for investments.

    Osadhii.Reality
    24 Rajajinagar SSI area,
    Bangalore 560010.
    osadhii.reality@gmail.com
    09901354829.

    sunil

    March 15, 2008 at 11:51 am


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