Tag: Residential Buildings

Land purchase for SEZ comes under commercial realty

The RBI’s draft guidelines on classification of commercial real estate exposure of banks may provide some relief on loans provided for acquisition of units in special economic zones. However, RBI has not found merit in the commerce ministry’s argument to keep loans for special economic zone development outside the domain of commercial real estate coverage. […]

Inflation Affecting Real Estate Prices

With inflation touching 12.98%, realtors here are finding it difficult to hold their price line and plan to increase rates for residential units by Rs 100-500 per sq ft later this month. According to Confederation of Real Estate Developer’s Associations of India (Credai) Bengal, there has been a 25% increase in the construction cost of […]

Narang Group Will Redevelop Taximen Colony In Kurla

In the biggest real estate deal in the redevelopment space, Mumbai-based Narang Developers is believed to have struck an agreement with Bombay Taximen Colony one of the oldest housing societies in Kurla, for around Rs 1,100 crore. According to the source Bombay Taximen Colony, which consists of about six hundred residential flats and thirty commercial […]