S&P warns rising property prices as credit risk for banks
Standard & Poor’s Rating Services on Monday, July 4, said the surge in real estate prices in some pockets in India could emerge as a credit risk for banks.
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DLF shares rises on RBS upgrade, debt-cut plan buzz
Shares of DLF rose six per cent in Monday’s trading on expectations the company’s debt reduction strategy was falling in place, said analysts tracking the stock.
NHB finds fall in property prices in seven cities
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank.
Jones Lang LaSalle India Launches Corporate Finance Division
Jones Lang LaSalle India, the country’s largest international property consultancy, has launched an exclusive Corporate Finance division.
Akshaya Homes to enter Karnataka, Kerala by 2015
Chennai-based property developer Akshaya Homes proposed to enter Karnataka and Kerala realty market by 2015, a top company official has said.
CHD appoints Ravi Saund as COO
CHD Developers Ltd has appointed Ravi Saund as the Chief Operating Officer. He will continue to report to Gaurav Mittal, MD, CHD Developers Ltd.
RBI makes real estate bank lending tough
The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector.
DLF plans to sell stakes in Pune, Noida IT parks for Rs 1,300 crore
DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs.1,300 crore.
Blackstone to fund Embassy’s 22% stake buy in Bangalore IT SEZ
Private equity giant Blackstone will finance south-based Embassy Property Development’s purchase of 22% stake in Manyata Tech Park, the country’s largest operational tech SEZ.
Wizcraft, Apra plan Kingdom of Dreams 2
Kingdom of Dreams, India’s first live entertainment complex, is all set to script its success story beyond the national capital region.