Interest rates slashed. Will real estate boom again?

Magicbricks Moderator says: In a bid to safe guard the property segment, all major state-run and private banks have slashed interest rates for home loans. Punjab National Bank and Union Bank have cut their home loan rates by half a percentage point. IDBI Bank has cut the home loan rate by 50 basis points.  

Will this measure boost property sales? Will this attract more home buyers in the market? Will this move trigger some transactions in the market?

Share your views in the ‘comments’ section.

Are dispute redressal councils the answer to the woes of a property buyer or investor?

Magicbricks.com moderator says: With real estate increasing at a rapid pace, buying or investing in a property is not anymore a distant dream. The industry has seen a steep rise in the number of real estate developers and builders who offer a range of properties including flats, multi-storeyed apartments and bungalows accompanied by a lot of other facilities at attractive rates. Most people find that they can get a property at affordable prices with a host of other amenities and look forward to the day when they would step into their dream home.

However, there are times, when a consumer is not delivered of what he is promised by the developer and faces a number of problems before he can settle into his new home.  it is in such instances that the consumer can approach councils such as the National Consumer Disputes Redressal Commission, which takes certain steps to safeguard the consumer’s interest. Do you think the Consumer Commission is the right forum for any consumer who may be facing certain differences with his builder or developer? Do you think government should establish more such councils or commissions to handle the problems faced by consumers investing in real estate?