RBI advises banks to go slow on loans to commercial real estate
The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate projects. The central bank fears an asset price bubble.
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SC to hear Sahara plea against SEBI order today
The Supreme Court will today hear the Sahara group firm’s plea against the SEBI order to return the money, along with 15 per cent interest, collected from investors through its Optionally Fully Convertible Debentures scheme.
In Noida Extension, ‘realty’ check begins
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.
India Property invests Rs. 120 crore in Ramprastha’s Gurgaon project
Private equity firm India Property Fund has picked up a 49% stake in Ramprastha Group’s housing project Skyz in Gurgaon for Rs.120 crore.
Speedy clearances with defined government roles needed to regulate realty
Real estate developers are often blamed for delay in projects. But the fact of the matter is that it is more often the state parties that are responsible for the delay in project.
Supreme Court upholds decision against flats in Noida Extension
The Supreme Court today, July 6, upheld the Allahabad High Court order that had quashed the Greater Noida Authority’s acquisition of land in the Shahberi village.
Tata Housing goes to Maldives with villas
Tata Housing has announced a Rs.1,000-crore foray into Maldives with villas priced at a princely Rs.30 crore each.
Unitech ramping up retail business to invest Rs. 2,000 cr
Unitech Ltd is expanding its retail development business and plans to invest around Rs.2,000 crore over the next three years to develop about 2 million sq. ft of premium and luxury shopping malls.
Tips on buying into an under-construction project
The primary advantage would be that an under-construction property will invariably come cheaper than a ready-for-possession property.
UK’s Whitbread to invest Rs 535 cr on hotels in India by 2020
UK-based hospitality firm Whitbread today said it will invest 75 million pounds (over Rs 535 crore) in India by 2020 to fund its hotels business in the country.