sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]
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Also tagged ECBs, Economy, Estate Planning, External Commercial Borrowings, Money, Norms, Real Estate Companies, Real Estate Firms, Reserve Bank Of India, Ropes, Townships
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The Reserve Bank of India on Wednesday clamped restrictions on Urban Co-operative Banks (UCBs) to exposure on realty sector up to 15% of their total deposits. Photo by Telstar LogisticsSpecified in the circular issued by the Reserve Bank of India , it said the total exposure of UCBs to realty sector, including individual housing loans […]
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Also tagged Balance Sheet, Banks, Co Operative, Commercial Real Estate, Fiscal Year, Housing Loans, Immovable Property, Real Estate Loans, Reserve Bank Of India, UCBS, Urban Co
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January 11, 2009 – 11:32 pm
Unitech, India’s second largest listed real estate company, is looking at restructuring a Rs 800-crore loan from public sector banks, as it attempts to save itself from sinking under the huge debt burden. The company is pinning its hopes on debt restructuring, asset and stake sales to private equity (PE) funds to pay a debt […]
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Also tagged Commercial Real Estate, Company Executive, Debt Burden, Debt Restructuring, Gurgaon, Land Banks, Land Dues, Land Parcels, Non Performing Assets, Private Equity, Public Sector Banks, Rbi Directive, Rbi., Realty Firms, Reserve Bank Of India, Unitech
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December 23, 2008 – 2:15 am
The Reserve Bank of India recently started approving applications from foreign venture capital investors (FVCI) that were kept on hold for a considerable period of time. While this led to some excitement among the applicants, it was short-lived. In what has surprised the venture capital firms, the approval letters issued by RBI to FVCIs provide […]
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Also tagged Approval Letters, Biotechnology Information, Chemical Entities, Employment Generation, Favorable Investment Environment, Foreign Direct Investment, Generation Capabilities, Growth Phase, Income Tax Act, Innovation And Technology, Investing In Real Estate, Poultry Industry, Real Estate Sector, Reserve Bank Of India, Unnecessary Obstacles, Vc Funds, Venture Capital Firms, Venture Capital Investors
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December 17, 2008 – 2:56 am
The Reserve Bank of India (RBI) has asked a government agency that collects statistics on the country’s housing construction activities to launch a housing start-up index by March 2009, to help it assess the impact of fiscal and monetary stimulus offered to revive the sector. The index, to be launched by the National Building Organization […]
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Also tagged Advisory Committee, Backward Linkages, Construction Activities, Credit Rating Agency, Demand And Supply, Dogra, Economic Activity, Government Agency, Housing Construction, Housing Start, Ministry Of Housing, Other Government Agencies, Quarterly Basis, Rbi., Reserve Bank Of India, Urban Poverty
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December 16, 2008 – 2:33 am
The Union government’s recently announced stimulus package, coupled with the Reserve Bank of India’s (RBI) move allowing banks to provide special treatment to the real estate sector are likely to change the fortunes of Indian real estate sector, which has been struggling to survive for the past six months. Monday’s interest rate cut on housing […]
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Also tagged Accruals, Excise Duty, Housing Loans, Industry Officials, Land Banks, Land Parcels, Liquidity, New Highs, Policy Initiatives, Priority Sector, Real Estate Sector, Reserve Bank Of India, Stimulus Package, Union Government, Value Loans
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December 13, 2008 – 12:17 am
The clamour for a fresh round of interest rate cuts has begun. Spooked by a sharp and sudden fall in industrial growth, industrialists and bankers said the time had come to cobble a credible stimulus package that would put the stuttering economy back on the rails. “Now is the time to immediately release the second […]
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Also tagged Amit Mitra, Assocham, Automotive Components, Booster Shots, Cash Reserve Ratio, Chambers Of Commerce, Chambers Of Commerce And Industry, Clamour, Corporate India, Interest Rate Cuts, Liquidity Support, Overnight Rate, Reserve Bank Of India, Statutory Liquidity Ratio, Stimulus Package, Sustainable Growth Rate
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November 17, 2008 – 4:31 am
It seems that the Reserve Bank of India’s move to ease lending to real estate hasn’t augured well with the banking sector. The apex bank effectively reduced the tax on lending to the real estate sector, which means banks can now more freely lend to the realty sector. Considering the slump in the real estate […]
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Also tagged Apex, Apex Bank, Assembly Election, Axis Bank, Banking Sector, Cfp, Dips, Global Markets, Icici Bank, Npas, Obscurity, Private Sector Bank, Real Estate Sector, Reserve Bank Of India, Respite, Sensex, Slump, Sop, Union Bank
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November 10, 2008 – 12:22 am
The real estate sector in India may have seen its best time for the next several decades. The real estate markets now heads downward, as people cannot make their mortgage payments. OP Bhatt, chairman of State Bank of India (SBI), the country’s largest bank, expects 50% correction in the housing sector prices in the country. […]
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Also tagged Banking System, Best Time, Credit Crunch, Global Banking, Metropolis, Mortgage Markets, Mortgage Payments, Mumbai, Paradigm Shift, Real Estate Sector, Residential Mortgage, Residential Sectors, Sbi, State Bank, State Bank Of India, Subprime Mortgage Market
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October 22, 2008 – 5:09 am
Real estate developer Indiabulls Real Estate soared 27.65% to Rs 136.90, as realty stocks extended gains on hopes cut in lending rates will spur demand for residential properties. The scrip topped gainers in BSE’s ‘A’ group shares. The Reserve Bank of India, on 20 October 2008, cut the repo rate, by 100 basis points to […]
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Also tagged Educomp Solutions, Finance Company, Gainer, Government Bonds, Infrastructure Development, Infrastructure Projects, Learning Solutions, Real Estate Developer, Realty Stocks, Repo Rate, Reserve Bank Of India, Residential Properties
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September 9, 2008 – 7:30 am
Property developer and fund manager Tishman Speyer plans to raise up to one billion dollar in a private fund in 8-10 months for Indian realty projects, the managing director for its India unit said. “We still have some money left over from a previous one and we are already talking to investors for our next […]
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Also tagged Capital Journal, Domestic Factors, Foreign Investors, Interest Rate Hikes, Investing In India, Main Stock, Office Spaces, Private Equity Firm, Property Developer, Reserve Bank Of India, South India, Stock Index, Stock Market Slump, Tishman Speyer, Venture Capital Journal
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RBI decisions to hike two key policy rates are expected to affect stocks of companies from sectors like banking & financial services, and real estate more than any other sector since these sectors are more vulnerable to higher interest rates than others . However, given that most stocks from these sectors are already badly hammered […]
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Also tagged Allahabad Bank, Auto Sector, Excessive Speculation, Home Loan Rates, Inflation, Interest Rate, Money Interest, Real Estate Sector, Religare Securities, Silver Linings, Slowdown, Stockbroking, Stocks Market, Union Bank, Union Bank Of India
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The down ward trend of real estate market price is going down, the housing finance is facing a squeezed condition. Now the Banks have increased the contribution limit of the developers from 25% to 30%. With the correction of prices in the real estate sector, commercial banks have become choosy in lending. They have become […]
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Also tagged Apex Bank, Commercial Banks, Commercial Real Estate, Finance Market, Finance Rate, Housing Finance Market, Immovable Property, Prudential Norms, Real Estate Sector, State Bank, State Bank Of India
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Many NRIs and Persons of Indian Origin (PIO) want to invest in India, both commercial and residential properties. NRIs and PIOs also plan to buy such properties as an investment, and rent them out to earn a secure income stream. This article talks about various rules and restrictions related to such purchases. It also clarifies […]
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Also tagged Apartment House, Immovable Property, Indian Origin, Nre, NRI, NRIs, Nro, Pan Number, Pios, Property In India, Property Inheritance, Reserve Bank Of India, Residential Apartment, Residential Properties, Stamp Duty
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Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market. Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make […]
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Also tagged 100 Basis Points, Demand Slowdown, Housing Loan, Inflation, Interest Rate, Interest Rates, Managing Director, Quarters, Real Estate, Reserve Bank Of India, Ubs
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February 16, 2008 – 5:48 am
MUMBAI: Home loan and consumer durables loan borrowers could look forward to softer interest rates. Following the reduction in the cost of funds, banks are reviewing the interest rate structure, according to the Indian Banks’ Association (IBA). Speaking to the media after the managing committee meeting on Friday, IBA CEO H N Sinor said, “Banks […]
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Posted in Property Investment, Property News
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Also tagged Axis Bank, Bank Of Maharashtra, Canara Bank, Durable Loans, Home Loan, Home Loans, Incremental Credit, Indian Banks Association, Mortgage Loans, Sinor, State Bank Of India, Union Finance Minister
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January 30, 2008 – 1:10 am
MUMBAI: The Reserve Bank of India’s (RBI) assessment not to slash interest rates has spooked real estate business facing the brunt of a housing business slowdown caused by the high cost of mortgage financing. RBI, on Tuesday, decided to keep interest rates unchanged in its third-quarter monetary policy review. Real estate companies were expecting a […]
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