Developers carrying failed legacy of state instrumentalities
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
Ambar Maheshwari has joined India’s largest international property consultancy Jones Lang LaSalle as Managing Director – Corporate Finance.
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India has asked all banks to submit an action-taken report on the issue.
A two-day exhibition featuring 45 property developers from major cities of India is being held at Regency Halls on Friday and Saturday.
Fraudsters will soon find it difficult to dupe banks by mortgaging the same property with two lenders or selling mortgaged property.
Indian real estate is expected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank.
The Sensex has always been a barometer of the country’s general economic ‘mood’. The real estate index, on the other hand, is an indicator of the sentiments towards real estate developers.
This week has been a good one for investors in real estate shares, who had seen their investments lose 30%-55% in value over the past six months in the wake of a number of corruption allegations involving the sector.
The finance ministry has asked the central bank to bar real estate firms from seeking banking licences and alter conditions relating to financial inclusion and stake dilution by promoters.
Dubai International Financial Centre (DIFC) and Absalon Project, a joint venture between affiliates of VP Securities and Soros Fund Management, have launched a feasibility study for a mortgage system in the UAE, based on the principles of the Danish Mortgage Model.