RBI for central registry to check home loan frauds
Fraudsters will soon find it difficult to dupe banks by mortgaging the same property with two lenders or selling mortgaged property.
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Indian realtors expected to face distress and debt trap, says Knight Frank
Indian real estate is expected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank.
RBI forces SBI to withdraw teaser home loans
The State Bank of India has finally put an end to its most innovative and wildly successful home loan scheme from May due to concerns raised by and under pressure from the Reserve Bank of India.
Dubious real estate deals under I-T scanner
The Income-Tax department is planning to look into all suspected real estate deals to check involvement of black money component and tax evasion.
Is Vastu a science?
Vastu Shastra is a science of directions and is a study that acquires an entire command over the cognition of directions. In fact, there are actually eight directions namely, northeast, north, southeast, east, southwest, south, northwest, and west.
CBDs losing sheen to PBDs
Central Business Districts (CBDs) are supposed to be the lifeline of the city and a mirror of the economic activity and real estate market trend.
Babson student chases Indian real estate biz
College student Karan Kanodia believes he has struck gold in the real estate market with his recently launched United Demand, an Internet-based business that brokers housing purchases between home buyers and developers in Gurgaon, India.
Commercial space demand in India to touch 160 mn sq ft by ’14
Demand for commercial office space across the seven major cities in India is estimated at around 160 mn sq ft by 2014, a latest study by real-estate services firm Cushman and Wakefield Research (CWR) said.
IT raids Kanakia Group
The income tax department has conducted a search operation on Mumbai-based Kanakia Group. The raids were conducted early morning, in Mumbai and Lucknow for alleged tax evasion.
Hot spots emerging in world office markets
Corporate confidence is boosting activity in top tier office markets around the world, leading to accelerating early cycle rental growth and robust capital value growth in prime assets, especially where new quality supply is limited, according to Jones Lang LaSalle’s inaugural, quarterly Global Office Outlook report.