Finance ministry officials and the officials of Reserve Bank of India plan to hold a meeting in this week. This is to discuss about relaxing the ECB norms for boosting the affordable housing. The finance ministry and the Central Bank plan to initiate some relaxations in the ECB norms. By this, they aim to boost affordable […]
January 30, 2013 – 6:36 pm
Backing realty firms up, Finance Ministry said that RBI could permit realty firms to run banks in the private sector. Finance Ministry made the comment while talking about RBI’s new licensing policy. While speaking about the new licensing policy of Reserve Bank of India (RBI), Finance Ministry said that the realty firms also should be given […]
A recent report by Global Property Consultants CBRE South Asia, India Residential Market View – 2011 states that while the residential markets across NCR and Mumbai witnessed steady escalation in prices during the revival period from 2009 to first half of 2011 (as high as 40-50% in certain micro-markets), the latter half of the year brought in […]
Healthy office space absorption in 2011-2012 inspite of slowdown in GDP, However 2012-13 seems bleak. Currently, the top seven cities of India that is Mumbai, National Capital Region, Bangalore, Pune, Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space. During 2010-11, a total of 38 mn sq.ft of new space was […]
Due to global issues, liquidity is becoming a problem. Though the phase is temporarily, the concern cannot be ruled out. Indian real estate sector is banking on the fact that change will take place and market will come out of the situation. The fact of the matter is that next 12 months and in fact 2012, does […]
The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]
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 […]
By skgupta
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Posted in Property News
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Also tagged Capital gains, CII, cost inflation index, Financial Institutions, LTCG, NBFC, non-banking, Real Estate, Reserve Bank Of India, sold property, STCG, Tax Structure
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In a recent report, Jones Lang LaSalle said that Mumbai seems to be in a tighter spot with Rs275 billion being sunk in land since FDI (foreign direct investment) was allowed in real estate in 2005; most of which has failed to yield returns. Even many investments done in South Bombay once named as one of the […]
By skgupta
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Posted in Property News
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Also tagged Budget, Census Directorate, DCR, development control rules, Home Buyers, Jones Lang Lasalle, Maharashtra, MD, Mumbai, pankaj kapoor, Reserve Bank Of India, Stamp Duty
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Gudi Padwa, a festival which earmarks new beginnings and new hopes to everybody’s life. Hence many builders announce their new projects at this point of time taking into consideration the sentiments of the local market. The festival is widely celebrated in the state of Maharashtra and as for common people in India, a home is a […]
By skgupta
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Posted in Property News
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Also tagged affordable housing projects, Crr, Gudi Padwa, Indian Realty Sector, Maharashtra, Mumbai, New Projects, New Urban Family Sector, Pune, Residential Properties, Sakal Gudi Padwa Grihotsav 2012, Union Budget 2012
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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 […]
September 22, 2009 – 4:59 pm
People who borrow money from banks to buy homes at floating rates of interest are set to benefit as banks are expected to change the way they price such loans. The Reserve Bank of India is preparing to ban lending below the prime lending rate, the benchmark rate for all floating rate bank loans. Sub-PLR […]
September 10, 2009 – 7:03 pm
The Reserve Bank of India has issued revised guidelines on banks’ exposure to commercial real estate. The strategies say about the property where repayment of loans solely depends on the property itself and not on its expected profits. Where repayment mainly depends on other factors such as operating profit from business operations, quality of goods […]
January 11, 2009 – 11:32 pm
Unitech, India’s second largest listed real estate company, is looking at restructuring a Rs 800-crore loan from public sector banks, as it attempts to save itself from sinking under the huge debt burden. The company is pinning its hopes on debt restructuring, asset and stake sales to private equity (PE) funds to pay a debt […]
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Also tagged Bank Of India, Commercial Real Estate, Company Executive, Debt Burden, Debt Restructuring, Gurgaon, Land Banks, Land Dues, Land Parcels, Non Performing Assets, Private Equity, Public Sector Banks, Rbi Directive, Realty Firms, Reserve Bank Of India, Unitech
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December 17, 2008 – 2:56 am
The Reserve Bank of India (RBI) has asked a government agency that collects statistics on the country’s housing construction activities to launch a housing start-up index by March 2009, to help it assess the impact of fiscal and monetary stimulus offered to revive the sector. The index, to be launched by the National Building Organization […]
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Also tagged Advisory Committee, Backward Linkages, Bank Of India, Construction Activities, Credit Rating Agency, Demand And Supply, Dogra, Economic Activity, Government Agency, Housing Construction, Housing Start, Ministry Of Housing, Other Government Agencies, Quarterly Basis, Reserve Bank Of India, Urban Poverty
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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, […]
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Also tagged Crr, Inflation, Interest Loan, Interest Loans, Leading Real Estate, Liquidity, Omaxe, Parsvnath, Pradeep Jain, Real Estate, Realty Market, Rohtas, Slr, Vipul
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ICICI Venture, the private equity wing of ICICI Bank, plans to raise three billion dollar from its 2 funds including equity and a real estate fund. A senior ICICI Venture executive told that they will raise $1.5 billion from both these funds. The ICICI Venture executive said the company expects to generate most of the […]
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Also tagged Economy, Economy Sectors, Equity Fund, Europe Canada, Goldman Sachs, ICICI, Investment Banking Firm, Private Equity Investment, Real Estate, Real Estate In India, West Asia
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February 18, 2008 – 2:45 am
With banks lowering housing loan rates and RBI signaling a downhill fashion in property prices, investors have a cause to smile. After all, they can now go ahead and buy that, in demand piece of property, feeling a little less culpable about not making the investment when rates were much lesser. For all those who […]
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