Tag: Reserve Bank Of India

Affordable Housing To Have Relaxed ECB Norms

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 […]

With Stringent RBI Policy Do You Benefit From Buying a House Now?

Interest rates and escalating property prices had forced many prospective buyers to postpone their plans of buying a house. However, the recent easing of monetary policy by the Reserve Bank of India (RBI) has brought them relief in at least one aspect-lowering of interest rates. Many public and private sector banks have announced a cut in their interest […]

Delhi Homes Sells Faster Than Mumbai.

Mumbai may be second to Delhi in unsold homes, but it will take longer to sell them. Real estate developers in the financial capital must wait over three years to clear 1.13 lakh units or 120 million sq ft as high prices deter potential buyers, shows a study released by Liases Foras, a real estate […]

India’s ICICI Bank eyes growth

ICICI Bank, India’s No. 2 lender, posted on Friday a larger-than-expected 31 percent rise in quarterly profit and forecast a higher growth rate for domestic loans and stable asset quality for the coming year. Loan demand in India is expected to pick up after the central bank last week cut its benchmark lending rate for […]

Economy and Realty: Glance for the Month of April 2012

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 […]

Realty Industry Welcomes Rate Cut

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 […]

Understand Capital Gains Tax for the Sold Property.

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 […]

The Realty Confusion: Mumbai offers little hope for home buyers.

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 […]

Chennai leads Indian Property Sector.

The Indian property market will see more investment from overseas this year as it still remains an attractive investment destination globally. In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas […]

RBI Tighten Ropes On Real Estate

sIn a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on. RBI […]

RBI Proposes Change

The Reserve Bank of India on Wednesday clamped restrictions on Urban Co-operative Banks (UCBs) to exposure on realty sector up to 15% of their total deposits. Photo by Telstar LogisticsSpecified in the circular issued by the Reserve Bank of India , it said the total exposure of UCBs to realty sector, including individual housing loans […]

Unitech is looking for restructuring loan

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 […]

RBI nod to foreign VCs, but sectors limited to 10

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 […]

NBO to launch housing index by March’09

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 […]

Real estate cos hope govt help will revive demand

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 […]

Rate-cut campaign in full swing

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 […]

RBI sop fails to lift realty

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 […]

Indiabulls leads ‘A’ group

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 […]

Tishman Speyer Plans To Raise 1 Billion Dollar

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 […]

Rules For NRI And PIO To Invest In India

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 […]

Impact Of Interest Rate On Real Estate And Housing Loan

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 […]

RBI’s judgment has spooked real estate cos

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 […]