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NEW DELHI: PNB Housing Finance is targeting to reduce its corporate loan book to below Rs 10,000 crore by the end of this fiscal as it seeks to focus more on retail lending activities, according to a top company official. The company’s corporate lending stood at Rs 10,989 crore at the end of the first […]
Healthcare product maker Abbott Healthcare has leased a 5,000-sq-feet apartment at luxury residential project Sunteck Signature Island in Mumbai’s business district Bandra-Kurla Complex (BKC) for monthly rental of around Rs 10 lakh. The total tenure of the lease is 36 months, which takes the rentals pay-out to over Rs 3.60 crore during the period. The
NEW DELHI: Cement manufacturer Nuvoco Vistas Corporation Ltd, part of the Nirma Group, has raised Rs 1,500 crore from anchor investors ahead of its initial share sale, which opens for public subscription on Monday.The company has decided to allocate 2.63 crore equity shares to anchor investors at Rs 570 apiece aggregating the transaction size to
MUMBAI: Maharashtra is drafting a ‘vacation rental home’ policy, given the changes in tourist preferences during the pandemic to stay in cozy residences in faraway places rather than hotel rooms, a senior official said.The policy will help regulate the entire trade of vacation homes, which will be approved after visits from government officials and the
NEW DELHI: A Delhi court has denied bail to two directors of a city-based real estate company accused of allegedly cheating a large number of investors of crores of rupees by not delivering possession of flats and properties in Delhi-NCR.Additional Sessions Judge Kamini Lau refused relief to Sushant Mutreja and Nishant Mutreja and said the
NEW DELHI: Markets regulator Sebi has reduced the minimum application value of REITs and InvITs, and revised trading lot to one unit for these emerging investment instruments to make them attractive for retail investors. The minimum application value has been cut down to the range of Rs 10,000-15,000 for both REITs and InvITs, compared to
NEW DELHI: Emami Realty, the real estate arm of Emami Group, plans to invest Rs 130 crore to develop a commercial project-Emami Business Bay in Salt Lake City, Sector V, Kolkata, the company said in a media release. Nitesh Kumar, MD & CEO of Emami Realty said, “We are about to launch a business project
NEW DELHI: Ajmera Realty & Infra reported five-fold jump in consolidated net profit at Rs 10.26 crore for the first quarter of the financial year 2021-22, the company said in a BSE filing. It had recorded a net profit of Rs 2.10 crore in the corresponding quarter previous year. The company’s total income rose to
FRANKFURT: German real estate company Vonovia is launching a fresh attempt to buy rival Deutsche Wohnen with a sweetened bid valuing the company at 19.1 billion euro ($22.7 billion), it said on Sunday.Vonovia is planning to submit a new offer at 53 euros per Deutsche Wohnen share, subject to approval by German financial watchdog BaFin.
STOCKHOLM: Swedish real estate company Castellum has offered to buy rival firm Kungsleden in a deal worth 26.9 billion Swedish crowns ($3.13 billion), the company said in a statement on Monday.The offer, comprising of 70% in shares and 30% in cash, was immediately backed by Kungsleden’s board in a separate statement made shortly after the
WELLINGTON: New Zealand’s housing crisis is having a “punishing impact” on marginalised communities and leaving many people homeless, the human rights commission said on Monday as it launched an inquiry into the country’s red-hot property market.A raft of cooling measures enforced by Prime Minister Jacinda Ardern earlier this year has had no impact on runaway
PORVORIM: The Goa legislative assembly on Friday passed the Goa Bhumiputra Adhikarini Bill, 2021, which will allow the state to give the self-occupied dweller of a small housing unit ownership rights so as to enable him to live with dignity and self-respect and exercise his right to life.Chief minister Pramod Sawant said that the bill