Tag: Global Financial Crisis

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 […]

Positive effect of Budget 2012 for Mumbai’s Real Estates.

The increased allocation for highways and other infrastructure projects will help boost development of Mumbai’s outskirts and increase the supply of housing units there. This will result in price stability and affordability over the long term. The investment-linked deduction of capital expenditure in affordable housing, proposed to be raised to 150% from 100%, will also […]

Realty companies look at alternative financial support

With banks reluctant to lend to the real estate sector, developers are looking at alternative instruments of funding such as lease discounting for completing ongoing projects, especially the commercial ones. The sector, which has been hit by the global financial crisis, has seen more than a 60% fall in demand in the last six months, […]