Market health-update

The market that received a jolt during the recession seems to be recovering now. People are slowly purchasing, the demand is again shifting: the no. of buyers in the 50 lakh range saw a shift from 16% to 38% in the last two months. The pent up demand that remained untapped due to uncertainty in earnings and savings, has started converting into business.

In an attempt to tap potential buyers, financial institutions like Citibank, HSBC and Standard Chartered Bank and ICICI Bank have launched an interesting concepts and attractive interest rates in home loans. Interest rates offered by some the leading banks is as follows: Kotak Mahindra: 7.1%, Dena bank: 8.5%, IDBI: 9.25%,Axis bank: 9.5%, Allahabad bank, Citibank: 9.75%, SBI: 8% for the first year and then 11% and ICICI: 11%.

Some advice for property seekers in Hyderabad:

Gachibowli, Tellapur, Satyam Whitefields, Kavuri Hills, Kondapur and Kothapet are some of the good locations for value buying of property. Any property that is available between Rs 2500-Rs 3000 p.sft is the right price based on, of course, the quality, amenities, the location and infrastructural facilities available in the vicinity.