RBI warns banks on real estate valuation frauds
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.
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.
The Maharashtra Pollution Control Board issued a stop-work order to Indiabulls Real Estate for starting construction work on its Elphinstone Mills property at Lower Parel without environment clearance.
ICICI Venture Funds Management plans to raise Rs.7.50 billion to Rs.10 billion ($167 million to $223 million) for its second real estate fund.
Working in the insane hustle and bustle of a metropolis like Mumbai is a unique experience, and it brings with it an opportunity to witness the dynamics of this rapidly urbanizing world.
Home sales are down, cash flows are drying up but builders just can’t cut on advertising.
The Keventer Group is planning to step up its activities in Bengal & Bihar, including a major foray into real estate.
The stretch called New Gurgaon is the closest in terms of proximity to Dwarka and West Delhi once the Dwarka Expressway is operational.
Harmit Chawla, Vice President – Sales and Marketing at Paras Buildtech has called it quits and floated a new real estate company christened as ‘H Corp Realty Pvt Ltd’.
Nitesh Estates Limited has announced impressive performance for the financial year ended March 31, 2011 clocking a robust top line growth of 58%.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, as a recent survey by ASSOCHAM points out.