Differential rate of interest for home loans. Fair or unfair?

Magicbricks Moderator says: In its bid to boost the realty segment, many state-owned banks have announced home loans at reduced rates. After the rate cuts, SBI home loans of up to Rs 30 lakh, for tenures between 15 and 25 years, will be available at 9.5%. Loans of Rs 30 lakh to Rs 75 lakh at 10.75% and those above Rs 75 lakh at 11%. 

The government is proposing a differential rate of interest for home loans more than Rs 75 lakh. What would you call this measure?
- Fair
- Unfair

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Is slow market an opportunity for buyers?

Magicbricks.com Moderator says: Public sector banks have slashed home loan interest rates. Loans up to Rs20 lakh will now be available at 8.5-9.25 per cent a year for tenures up to 20 years. This, and similar other sops are expected to spark some activity in the current market scenario. Real estate developers are doling out lucrative offers to rope in buyers.

Do you think these measures will lure more buyers? Also, is slow market an opportunity for buyers to bargain?

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Is property sector regaining?

Magicbricks.com Moderator says: Interest rates have been slashed by most banks. The government is considering measures to boost the real estate segment. Does this news impact your property buying decision?

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Is it profitable to buy property in Faridabad?

Magicbricks Moderator says: As property in the national capital Delhi gets costlier, the National Capital Region (NCR) – comprising of Gurgaon, Faridabad, Ghaziabad and Noida – offers affordable options for home seekers. Our surfer wants to buy property in Faridabad. Here goes his query:  

Reader’s Query
I wish to buy property in Faridabad (Nehar Paar area). Please guide:

- What would be a good option for me – plot/flat?
- What factors should be considered before buying property there?
- How developed is the infrastructure of that area?