NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
By: Juggy Marwaha The rate of real estate development is imposing immense pressure on the environment and its natural resources. Such rapid development puts a lot at stake when we look at factors such as energy availability and environmental sustainability. The real estate sector is a major contributor to global warming due to the extensive […]
Going green – thumb rules for a ‘eco-friendly’ home buyer Read More »
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EMPANELMENT OF PROFESSIONALS IN BANK PANEL : UNION BANK OF INDIA : LAST DATE 13/07/2021 Read More »
NEW DELHI: In a rare regulatory move, Sebi has restrained PNB Housing Finance from going ahead with shareholders’ voting on the proposed Rs 4,000 crore-deal with Carlyle group and directed the company to carry out the valuation process as per the relevant legal provisions. The watchdog said the resolution regarding the deal, which was to
By: Hetal Bachkaniwala The residential market in India has been witnessing extreme volatility in terms of demand and supply over the last three years. Factors such as a slowing economic growth, rising interest rates by banks, high inflation and the weak rupee, among others, contributed towards building a negative sentiment among home buyers and resulted
Mumbai NCR, Pune residential prices set to rise albeit slowly Read More »
Developers are counting on improvement in economic conditions to clear unsold inventory.The government may be talking of ‘housing for all’ by 2020 but far from general expectations, the real estate industry across the country continues to suffer from oversupply, low absorption levels and rise in QTS (quarter to sell unsold inventory) and high prices. While
Housing market still under pressure awaits recovery Read More »
HDFC Bank on Saturday said its board has given its approval to buy more than 3.55 crore shares in group firm HDFC ERGO General Insurance Company for over Rs 1,906 crore from the parent company (HDFC). “The board of directors of HDFC Bank at its meeting held on June 18, 2021 has approved the purchase
HDFC Bank to buy stake worth over Rs 1906 crore in group’s general insurer from parent Read More »
The private sector has declared accounts of and Reliance Commercial Finance a fraud with combined loan outstandings of over Rs 160 crore to the lender. The bank has reported to the Reserve Bank regarding frauds in the credit facilities extended earlier to two listed companies — Reliance Home Finance with loan outstanding of Rs 21.94
State-owned Bank of Maharashtra (BoM) has become top performer among public sector lenders in terms of retail and MSME loan growth during 2020-21. The Pune-based lender recorded a 35 per cent growth in MSME loans at Rs 23,133 crore in 2020-21, according to the BoM data. It was followed by the Chennai-based which posted a
Bank of Maharashtra tops PSU bank chart in MSME loan growth in FY21 Read More »
AMARAVATI: Dismissing the campaign against the new property tax regime in urban areas, the government said reforms would reduce tax for lakhs of assessees. The government clarified that the new system would end corruption in urban local bodies and strengthen their finances. The government carried out a study on apprehensions raised by opposition parties and
Andhra Pradesh government Real Estate News Read More »
NEW DELHI: Private sector Karnataka Bank has declared accounts of Reliance Home Finance and Reliance Commercial Finance a fraud with combined loan outstandings of over Rs 160 crore to the lender. The bank has reported to the Reserve Bank regarding frauds in the credit facilities extended earlier to two listed companies — Reliance Home Finance
Karnataka Bank declares loan to Reliance Home Finance as fraud Real Estate News Read More »
By: Santhosh Kumar There is increased buoyancy in the market after the arrival of the new government, especially after the Budget has set the ball rolling for the real estate sector. With allocation of more funds for affordable housing, easing of FDI norms, implementation of REITs and special focus on infrastructure development, the government has made
Noida: Preferred destination for new realty projects Read More »