RBI warns banks on real estate valuation frauds
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.
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SEBI directs Sahara firms to refund investors
India’s capital market regulator SEBI on Thursday directed two Sahara group firms to immediately refund the money collected through sales of optionally fully convertible debentures with annual interest of 15%.
Global branding adds spice to realty projects
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
DLF brings lifestyle shopping to Chennai with Galleria
DLF, the real estate market leader brings lifestyle shopping to Chennai with its new retail project Galleria.
Hafeez Contractor debuts in Nepal
Renowned Indian architect Hafeez Contractor is making his debut in neighbouring Nepal with a high-end apartment complex in Kathmandu.
Century real estate unveils luxury villa township in Bangalore
Century Real Estate has launched first luxury villa township Century Istana in Bangalore.
Oberoi Realty eyes expansion in weak market
Oberoi Realty plans to expand its land holdings in key cities as debt-laden rivals struggling with rising costs and slowing sales look to cut assets.
ICICI Venture to raise money for real estate fund
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
Rate hike may hit realty sector hard
The Reserve Bank’s decision to raise key policy rates by 25 basis points today is likely to have a negative impact on the real estate sector.
Real estate sector poses concerns: RBI
The real estate sector has posed “some concerns” given the large and growing share of these loans in the credit portfolio of banks.