November 14, 2008 – 1:23 am
Finance minister P Chidambaram assured real estate developers that government will impress upon banks to accelerate lending to realty, which is facing one of the worst slowdown in the recent times. A delegation of builders under the Confederation of Real Estate developers’ Association of India (CREDAI), met Chidambaram on Wednesday to complain against banks’ reluctance [...]
By Rajani
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Posted in Property News
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Also tagged Affordability, Confederation, Credai, Delegation, Emi, Estate Assets, Finance Minister, Home Loan, P Chidambaram, Real Estate Developers, Real Estate Developers Association, Real Estate Finance, Slowdown, Steep Rise, Weightage
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October 31, 2008 – 5:53 am
With the festive season of Diwali just past us, developers are going hammer and tongs at wooing prospective homebuyers with more and more special offers. However, if sources are to be believed, these discounts and gifts have only come about because the real estate market is heading for correction in a big way. Sources say [...]
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, Financial Institutions, Fiscal Year, High Interest Rates, Home Loans, India, Parsvnath Developers, Real Estate Developer, Real Estate Loans
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October 16, 2008 – 6:13 am
Real estate firm TDI Infrastructure plans to invest Rs300 crore in developing two township projects over the next 4-5 years.
“In the next six months, we will be launching two residential townships in Indore and Meerut spread over 150 acres each. Once all regulatory issues are solved, we will start construction,” TDI Infrastructure Managing Director Kamal [...]
By Rajani
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Posted in Property News
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Also tagged Banking System, Construction Solutions, Constructions, Disbursement, Gurgaon, Indore, Infrastructure, Plot Owners, Private Equity, Quality Products, Regulatory Issues, Taneja, Townships
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October 15, 2008 – 12:05 am
Leading real estate players are optimistic about the RBI’s move to cut CRR and believe that this will help the flow of funds in the realty sector, enabling faster execution of projects. The CRR cut can also influence the boost of the realty market, provided there is a decrease in interest loans.
Mr. Pradeep Jain, Chairman- [...]
By Rajani
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Posted in Property News
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Also tagged Crr, Inflation, Interest Loan, Interest Loans, Leading Real Estate, Omaxe, Parsvnath, Pradeep Jain, Rbi., Real Estate, Realty Market, Rohtas, Slr, Vipul
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September 30, 2008 – 1:32 am
Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore [...]
By Rajani
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Posted in Property News
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Also tagged Ansal Properties, Baliga, Current Market, Dlf, Goel, Hdil, Industry Executive, Market Scenario, Parsvnath, Previous Announcement, Real Estate Sector, Realty Firms, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments, Unitech
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