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 manish
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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 manish
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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 manish
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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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