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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 »
SURAT: Diamond City expedited execution and management of various projects under the Smart Cities Mission to catapult itself to the top position among top 20 smart cities in the country. Earlier the city was ranked fourth in the ranking declared by the union ministry of housing and urban affairs. “We were placed fourth, while Ahmedabad
Surat climbs to top among smart cities Real Estate News Read More »
The construction major NBCC is promising transparency, on-time delivery and green features. The housing market in the country today is primarily driven by private sector developers and the government has largely restricted itself to the role of a promoter of housing schemes such as the Delhi Development Authority, the Maharashtra Housing and Area Development Authority
A new player in the housing market Read More »
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
Real estate sector gains momentum in Nashik Real Estate News Read More »