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Karnataka Bank declares loan to Reliance Home Finance as fraud Real Estate News

BANKS/ EMPANELMENT /

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 […]

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Noida: Preferred destination for new realty projects

BANKS/ EMPANELMENT /

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

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Real estate sector gains momentum in Nashik Real Estate News

BANKS/ EMPANELMENT /

NASHIK: After months of inactivity, the realty sector in Nashik has regained some momentum. Construction work at about 1,000 residential projects in Nashik city has restarted after three months of disruption following the second Covid wave, confirmed Ravi Mahajan, the president of Credai, Nashik. Since March this year — due to the district administration’s strict

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Sebi notifies norms for REITs infrastructure investment trusts

BANKS/ EMPANELMENT /

REIT and InvIT are required to make investments either directly or through special purpose vehicles. The Securities and Exchange Board of India (Sebi) on Friday firmed up regulations that will govern real estate investment trusts, or REITs, and so-called infrastructure investment trusts (InvITs) that the market regulator decided to allow last month. Following a board

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Chinese developer builds 10-storey building in Changsha in just over 28 hours

BANKS/ EMPANELMENT, INFORMATIVE VIDEOS, Videos /

A 10-storey residential building in China’s Changsha city was just built in 28 hours and 45 minutes. Broad Group, the developer of the building, shared a nearly five-minute-long video on its YouTube channel on June 13, where it showed how the entire structure was erected. By hindustantimes.com | Written by Harshit Sabarwal | Edited by

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Marico to strengthen Saffola brand positioning as healthy lifestyle-advocating brand

BANKS/ EMPANELMENT /

Marico Industries is pushing to strengthen the positioning of its Saffola brand as a preventive, healthy lifestyle advocating food product, not just an edible oil, by introducing health and wellness products under the range, according to a senior company official. Marico has been on product offensive after the pandemic and has introduced several products under

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PMC Bank depositors should get back deposits without any condition: NCUI

BANKS/ EMPANELMENT /

Cooperative body NCUI has welcomed the RBI’s in-principal nod to Centrum Financial Services for the takeover of PMC Bank, but said all depositors should get back their deposits without any condition. Paving the way for the takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval

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Demand for ultra-luxury properties in Delhi’s toniest enclaves highest in three years

BANKS/ EMPANELMENT /

South Delhi and the Lutyens Bungalow Zone, New Delhi’s answer to London’s Greenwich or Mayfair, have registered the highest number of property registrations in three years through a Covid-ravaged FY21, with uber-rich investors buying assets in areas where demand usually outruns supply. Demand for ultra-luxury properties in neighbourhoods such as Vasant Kunj, Vasant Vihar, Golf

Demand for ultra-luxury properties in Delhi’s toniest enclaves highest in three years Read More »

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