Rise in loans to real estate, retail disproportionate
The Reserve Bank of India (RBI) has pointed out banks’ disproportionate growth in loans to the commercial real estate sector, the retail segment and the infrastructure sector.
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DHFL realigns its asset management business
Dewan Housing Finance Corporation Limited (DHFL), India’s second largest housing finance company in the private sector, announced on Monday, Nov 14, the re-alignment of its asset management business.
Holiday Homes in Goa set to be costlier
Holiday Homes in Goa, a dream of the nouveau rich, is all set to be costlier now with the Goa Government deciding to rationalise the real estate prices in the state.
Indian commercial property market loses momentum in Q3: RICS
Indian commercial property market has lost momentum in Q3 with the capital values turning negative for the first time since 2009.
Revenues and profits dropped by 19% and 70% since FY08: Knight Frank
The impact of slowdown is already being felt on the real estate market with residential segment witnessing sluggish demand across all the major cities.
RBI move will further tighten source of funding: CREDAI
The latest interest rate hike by the Reserve Bank of India (RBI) is bound to push up the price of housing loans as well as the residential apartments.
RBI rate hikes further dampens Diwali sentiments of realty sector
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Office space sales dip in Q3
With slowdown signs looming large over the Indian economy, the effect on the job market and its subsequent effect on office space is getting visible now.
CM promises to put Hyderabad realty on priority
The Andhra Pradesh Government will take all steps to ensure that Hyderabad’s real estate industry bounces back to normalcy soon, said Chief Minister N Kiran Kumar Reddy.
Patel Realty Expects to Double Profit on India’s Home Demand
Patel Realty expects profit to double this year on rising demand for homes in the world’s second-fastest growing major economy.