Banks turning equity owners than lenders
As real estate asset values continue to fall, banks may be forced into an unfamiliar role, that of active property portfolio management.
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Alok Industries divesting realty assets to ease debt
India’s largest textile firm, Alok Industries Ltd is divesting its real estate portfolio to ease debt.
Noida real estate buys a truce for 3 month
The farmers and Noida Authority have negotiated a truce for three months under which the farmers of 54 Noida villages have given an undertaking to the Noida Authority.
Draft land bill curtails government role in acquisition
The UPA government has tried to address the politically sensitive issues of land acquisition and rehabilitation of affected people by shrinking the role of the state in acquisitions.
Defying slowdown apprehensions, Q1 recorded 65% growth in retail mall space
Defying any ears of a market slowdown, liquidity crunch and rising inventories, the April-June period saw a 65% growth in retail mall space supply across India over the previous quarter
Office rents and capital values continue to grow across Asia Pacific
Ongoing corporate hiring and expanding accommodation requirements underpinned the Asia Pacific office leasing market in 2Q11, according to new research from Jones Lang LaSalle in their recent Asia Pacific Office Index.
NHB residex shows Chennai gallops ahead of 15 other realty markets
Ever since the National Housing Bank (NHB) started preparing residex – an index for tracking the prices of residential properties in 2007, Chennai has been in the news for steep increase in residential prices.
Puranik launches IInd phase of Aldea Espanola at Baner
Riding on the realty upswing in Pune Puranik Builders has launched Aldea Espanola (phase II), a housing complex conceptualized in completely Spanish style of architecture and interiors.
Realty to be worst hit by repo hike
India’s real estate sector will be among the worst hit by the Reserve Bank of India’s decision to raise key interest rates, experts have said.
RBI hike in repo rate will hit real estate hard: CREDAI Chief
The RBI move to raise the repo rate by 50…