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.
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.
Information technology and the Bangalore luxury homes market
I was recently asked about the role IT has played and will continue to play in the demand for high-end housing in Bangalore.
RICS launches Red Book for asset valuers
The Royal Institution of Chartered Surveyors has launched the RICS Valuation Standards (the ‘Red Book’) – India edition with valuation standards of global application along with India-specific guidance.
Cash starved realty sector splurges on advertising
Home sales are down, cash flows are drying up but builders just can’t cut on advertising.
Mayawati orders no forcible land acquisition
Uttar Pradesh Chief Minister Mayawati Thursday tried to placate angry farmers saying that under a new acquisition policy no land would be forcibly taken from farmers.
Jones Lang LaSalle Named ‘Best Property Consultancy’ in Asia Pacific
Jones Lang LaSalle has been named ‘Best Property Consultancy’ in Asia Pacific at ‘The Asia Pacific Property Awards 2011 in association with Bloomberg Television’ event held in Shanghai on Tuesday.
Kohinoor City takes integrated township to a new level
An integrated township at the heart of a city like Mumbai? You must be joking. Right?