January 3, 2009 – 3:07 am
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 Jain, [...]
By rajani
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Posted in Property News
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Also tagged Confederation, Credai, Government Support, Home Loan Mortgage, Housing Schemes, Income Housing, Indian Express, Liquidity, Loan Borrowers, Moratorium Period, Mortgage Interest Rate, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Townships
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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 Banks, Cash Flows, Diwali, Fiscal Year, High Interest Rates, Home Loans, India, Liquidity, Parsvnath Developers, Real Estate Developer, Real Estate Loans
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September 26, 2008 – 11:06 am
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 [...]
By rajani
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Posted in Property News
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Also tagged Collapse, developers, Financial Debacle, Global Property, Globe, Indian Real Estate, Investors, Meltdown, Property Consultants, Real Estate Companies, Real Estate Sector, Shock Waves, Stocks, Temporary Phase, Tsunami
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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 would [...]
By rajani
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Posted in Property News
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Also tagged Apartments, Commercial Projects, Construction Corporation, Five Star Hotels, Government Of India, Greenfield Projects, Guwahati, Kochi, NBCC, Private Equity Investors, Properties In Dubai, Retail Spaces, Saudi Arabia, South India
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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 housing and [...]
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