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 [...]
By rajani
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Posted in Property News
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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, Rbi., Realty Firms, Unitech
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December 23, 2008 – 2:15 am
The Reserve Bank of India recently started approving applications from foreign venture capital investors (FVCI) that were kept on hold for a considerable period of time. While this led to some excitement among the applicants, it was short-lived.
In what has surprised the venture capital firms, the approval letters issued by RBI to FVCIs provide for [...]
By rajani
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Posted in Property News
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Also tagged Approval Letters, Bank Of India, Biotechnology Information, Chemical Entities, Employment Generation, Favorable Investment Environment, Foreign Direct Investment, Generation Capabilities, Growth Phase, Income Tax Act, Innovation And Technology, Investing In Real Estate, Poultry Industry, Real Estate Sector, Unnecessary Obstacles, Vc Funds, Venture Capital Firms, Venture Capital Investors
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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 (NBO) [...]
By rajani
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Posted in Property News
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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, Rbi., Urban Poverty
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December 16, 2008 – 2:33 am
The Union government’s recently announced stimulus package, coupled with the Reserve Bank of India’s (RBI) move allowing banks to provide special treatment to the real estate sector are likely to change the fortunes of Indian real estate sector, which has been struggling to survive for the past six months. Monday’s interest rate cut on housing [...]
By rajani
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Posted in Property News
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Also tagged Accruals, Bank Of India, Excise Duty, Housing Loans, Industry Officials, Land Banks, Land Parcels, Liquidity, New Highs, Policy Initiatives, Priority Sector, Real Estate Sector, Stimulus Package, Union Government, Value Loans
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December 13, 2008 – 12:17 am
The clamour for a fresh round of interest rate cuts has begun. Spooked by a sharp and sudden fall in industrial growth, industrialists and bankers said the time had come to cobble a credible stimulus package that would put the stuttering economy back on the rails.
“Now is the time to immediately release the second stimulus [...]
By rajani
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Posted in Property News
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Also tagged Amit Mitra, Assocham, Automotive Components, Bank Of India, Booster Shots, Cash Reserve Ratio, Chambers Of Commerce, Chambers Of Commerce And Industry, Clamour, Corporate India, Interest Rate Cuts, Liquidity Support, Overnight Rate, Statutory Liquidity Ratio, Stimulus Package, Sustainable Growth Rate
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November 17, 2008 – 4:31 am
It seems that the Reserve Bank of India’s move to ease lending to real estate hasn’t augured well with the banking sector. The apex bank effectively reduced the tax on lending to the real estate sector, which means banks can now more freely lend to the realty sector.
Considering the slump in the real estate sector [...]
By rajani
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Posted in Property News
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Also tagged Apex, Apex Bank, Assembly Election, Axis Bank, Bank Of India, Banking Sector, Cfp, Dips, Global Markets, Icici Bank, Npas, Obscurity, Private Sector Bank, Real Estate Sector, Respite, Sensex, Slump, Sop, Union Bank
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October 22, 2008 – 5:09 am
Real estate developer Indiabulls Real Estate soared 27.65% to Rs 136.90, as realty stocks extended gains on hopes cut in lending rates will spur demand for residential properties. The scrip topped gainers in BSE’s ‘A’ group shares.
The Reserve Bank of India, on 20 October 2008, cut the repo rate, by 100 basis points to 8%, [...]
By rajani
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Posted in Property News
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Also tagged Bank Of India, Educomp Solutions, Finance Company, Gainer, Government Bonds, Infrastructure Development, Infrastructure Projects, Learning Solutions, Real Estate Developer, Realty Stocks, Repo Rate, Residential Properties
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September 9, 2008 – 7:30 am
Property developer and fund manager Tishman Speyer plans to raise up to one billion dollar in a private fund in 8-10 months for Indian realty projects, the managing director for its India unit said.
“We still have some money left over from a previous one and we are already talking to investors for our next fund, [...]
By rajani
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Posted in Property News
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Also tagged Bank Of India, Capital Journal, Domestic Factors, Foreign Investors, Interest Rate Hikes, Investing In India, Main Stock, Office Spaces, Private Equity Firm, Property Developer, South India, Stock Index, Stock Market Slump, Tishman Speyer, Venture Capital Journal
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Many NRIs and Persons of Indian Origin (PIO) want to invest in India, both commercial and residential properties. NRIs and PIOs also plan to buy such properties as an investment, and rent them out to earn a secure income stream.
This article talks about various rules and restrictions related to such purchases. It also clarifies the [...]
By rajani
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Posted in Property News
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Also tagged Apartment House, Bank Of India, Immovable Property, Indian Origin, Nre, NRI, NRIs, Nro, Pan Number, Pios, Property In India, Property Inheritance, Residential Apartment, Residential Properties, Stamp Duty
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Indian real estate firms expect a hit on margins for the next few quarters as the central bank’s move to raise interest rates this week will push up costs and keep potential buyers away from the market.
Developers, already facing a demand slowdown, have refused to lower the price line as they seek to make up [...]
By rajani
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Posted in Property News
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Also tagged 100 Basis Points, Bank Of India, Demand Slowdown, Housing Loan, Inflation, Interest Rate, Interest Rates, Managing Director, Quarters, Real Estate, Ubs
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January 30, 2008 – 1:10 am
MUMBAI: The Reserve Bank of India’s (RBI) assessment not to slash interest rates has spooked real estate business facing the brunt of a housing business slowdown caused by the high cost of mortgage financing. RBI, on Tuesday, decided to keep interest rates unchanged in its third-quarter monetary policy review. Real estate companies were expecting a [...]
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