September 25, 2009 – 1:00 pm
The Reserve Bank of India instructed banks to meticulously assess the inherent group risk on borrowal accounts coming under the real estate category.
This caution comes in the wake of the RBI’s findings that some of the companies operating in the sector have significant exposure in the form of advances, investments etc., to their subsidiaries and [...]
Real estate industry has started showing the signs of recovery. Effect of recovery will be shown in coming quarter. These are not baseless talks. Launching of new projects at low interest rates is the main reason behind the increase of sales inquiries. Specially, the term ‘affordable housing’ is attracting middle class families [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Apartment, Bandwagon, Bookings, Cement, Ceo, Conglomerate, Dreams, Foreign Investments, Gap, Happy Customer, Home Buyers, Jaypee Group, Low Interest Rates, Middle Class Families, New Projects, Property Consultancy Firm, Sales Inquiries
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December 4, 2008 – 12:40 am
In a bid to avoid classifying advances to troubled real estate companies as bad loans, banks have urged RBI to put in place a uniform norm for restructuring debt to realty companies.
As of now, the moment a loan extended to real estate, capital market or personal loan segment is restructured; the lender has to classify [...]
By rajani
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Posted in Property News
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Also tagged Cement, Ceos, Crunch, Lenders, Liquidity, Manufacturing Companies, Manufacturing Company, Non Performing Assets, Norm, Norms, Personal Loan, Rbi Governor, Real Estate Loans, Realty Companies, Restructuring, Subbarao
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October 24, 2008 – 8:39 am
Sales at Parsvnath Developers’ in the festival season of Diwali are down to half from a year ago, but the real estate developer does not plan price cuts to boost sales, its chairman said.
High interest rates on home loans and central bank rules forcing banks to assign a higher risk weight to real estate loans [...]
By rajani
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Posted in Property News
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Also tagged Cash Flows, Diwali, Financial Institutions, Fiscal Year, High Interest Rates, Home Loans, India, Liquidity, Parsvnath Developers, Real Estate Developer, Real Estate Loans
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Hyderabad : With the rejection by Andhra voters of the Telengana Rashtra Samiti, real estate business is now picking up again in Hyderabad after the recent elections.
The non-residents of India (NRI)’s and the foreign direct investors have started taking interest in the real estate because the demand for a separate State does not seem to [...]
By rajani
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Posted in Property News
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Also tagged Boom, Elections, Estate Business, Hyderabad, India, Investments, Investors, Non Residents, NRI, Polls, Rate Of Interest, Real Estate, Telengana
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In the scenario of high land prices and tight liquidity, builders are increasingly exercising caution and adopting risk mitigation strategies to move ahead.
Where 18 months ago, they were ready to throw money on land parcels, they are now more realistic in acquiring these and seeing what they can build on that piece of land, and [...]
By rajani
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Posted in Property News
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Also tagged Extent, Fund, Joint Ventures, Land Parcel, Landowner, Money, Private Equity, Profit, Project Developers, Realtor, Risk Mitigation, Tight Liquidity, Upfront Cash
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Growing real estate prices are resulting in a decline in the demand for home loans. The rising interest rate is a additional factor.
Even though Indian realty market is observing a compounding growth, owning a home is still a tough dream for a lot of middle class Indians. Previously (2002-2006), the trouble-free availability of home loans [...]
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