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.
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 is planning to expand its luxury retail business. Having opened its luxury mall Emporio in the Capital about two years ago, DLF is exploring an opportunity to open a similar outlet in Delhi in the near future.
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.
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.
Renowned Indian architect Hafeez Contractor is making his debut in neighbouring Nepal with a high-end apartment complex in Kathmandu.
The Indian Property Show opened at Dubai World Trade Center, Hall No.4.
I was recently asked about the role IT has played and will continue to play in the demand for high-end housing in Bangalore.
The promoters of the real estate company Apple A Day, linked to a housing scam have filed for bail, and the mother of one of them has also filed an anticipatory bail application in a sessions court in Kochi.
The decision on allowing external commercial borrowings (ECBs) for the real estate sector still hangs fire with the Finance Ministry and the Reserve Bank of India holding opposing views.
Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an asset class that only institutional investors or heavyweight HNIs could invest in.