Tag: Financial Institutions

Understand Capital Gains Tax for the Sold Property.

Real estate is a significant part of an investor’s pie. It is also a time tested asset, which almost always appreciates except in times of severe economic downtrends, when it’s temporarily affected. In fact, buying real estate for investment purposes and selling it later at a higher price has become very common among investors. Banks […]

IMf Chief commented that the Global Economic Crisis has presented many lessons.

Addressing at a New Delhi conference on sustaining high-quality growth in India and China, Lagarde billed the financial and real estate sectors as the prime causes of the global financial crisis. The International Monetary Fund (IMF) Managing Director Christine Lagarde on Tuesday said the global economic slowdown has presented many lessons, and added that the financial sector, which has been identified as a ‘high […]

Realty developers to meet RBI Governor for more packages

Members from the Confederation of Real Estate Developers Association of India (CREDAI) will be meeting the RBI Governor D Subbarao next week to demand more Government support for the struggling real estate sector. The developers are likely to push for lower interest rates and restructured debt for the developers. Speaking to The Indian Express, Pradeep […]

Parsvnath says festival sales down by half

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 […]

Indian Realty Wakes Up To The US Meltdown

The recent financial debacle in the US has sent shock waves across the globe and is also projected to impact the Indian real estate sector directly or indirectly. Adequate and timely funding would be a major concern for developers. Already, there are indications of investors withdrawing their funding. While big players consider this shake-up as […]

NBCC Ready To Develop Real Estate Project In Dubai And Saudi Arabia

National Buildings Construction Corporation Ltd (NBCC), a Government of India undertaking fully owned by the ministry of urban development, is in talks to develop real estate properties in Dubai in the UAE and Saudi Arabia, the company said. If the deals go through, this would be the first time that a Government of India undertaking […]

Milestone Capital To Invest In Tamil Nadu Real Estate

Milestone Capital Advisors will raise a fund of ten billion rupees to invest in the real estate sector in tier-II and tier-III cities of Tamil Nadu (TN). The amount would be raised from high net worth individuals and financial institutions. This fund would be primarily used for the construction and development of low-cost and green […]