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    HomeNewsBusinessStocksDLF, Unitech stocks up on mortgage cut report

    DLF, Unitech stocks up on mortgage cut report

    Real estate developers rallied after newspaper Times of India reported on Tuesday some banks were cutting home loan rates for new borrowers, sparking hope of increased property sales in the country.

    April 03, 2012 / 13:32 IST
       
       
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      Real estate developers rallied after newspaper Times of India reported on Tuesday some banks were cutting home loan rates for new borrowers, sparking hope of increased property sales in the country.

      DLF and Unitech rose about 1% each on the report, which said that lenders Canara Bank and IDBI Bank had slashed these rates to attract new borrowers.


      The reported moves sparked hopes other rival banks would be forced to match the cuts in the loan rates.

      first published: Apr 3, 2012 10:52 am

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