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What our clients and associates have to say about us :
  • Pioneer provides good, timely and satisfactory services with unmatched efficiency. All required feedback is received timely. All my dealings with them always run smooth and they comply with the most up-to-date regulations in the market. I wish them luck in their future endeavors...

    - Mayank Kakrania - Advocate

  • I have been working with Pioneer Property for the past one and half decades. I am very happy with their service and our relationship has been quite fruitful. Pioneer's well coordinated and transparent approach has been effective in our mutual growth...

    - Nakul Himatsingka - Managing Director, Ideal Group

  • The visionary advices, professionalism, hardwork, and passion for customer care are the best of Pioneer

    - Kamal Periwal - Chief Architect, Maheshwari & Associates

  • We see you as a very important partner for our growth. Your sincerity and dedication in execution is really appreciable. Strategic reporting, extensive database and prompt actions are some of the unique features that give Pioneer a cut above the rest in the market. Our dealing with Pioneer has been very smooth and entrepreneurial support throughout the completion of our project has been phenomenal...

    - Sumit Dabriwal - Managing Director, Hiland Group

Blog

RBI cuts repo rate by 50 basis points
Posted By : Pioneer Property Management Limited

In a recent decision, RBI (Reserve Bank of India) Governor reduced the repo rate by 50 basis points to 6.75% from 7.25%. Repo rate is the rate at which the RBI lends to the banks. The real estate fraternity has stated it to be a pleasant surprise. The economists anticipate that the RBI would bring down the repo rate by 25 basis points in the next calendar year. The State Bank of India has responded by bringing down its base rate by 40 basis points to 9.30% with effect from October 5. All the home loans issued from the bank since July 2010 are linked to the base rate and will therefore be recalibrated. The SBIís benchmark rate is now the lowest in the banking sector. The Bank of India trimmed its base rate by 25 basis points to 9.70% while Andhra Bank reduced it by the same margin to 9.75%. The Real Estate Industry has pushed the banks to pass on the benefit.

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