Initiatives for slum redevelopment beyond just housing
Babulal Varma, Managing Director, Omkar Realtors & Developers There are…
Browsing: Mumbai Real Estate
Real estate top violator of black money, economic intelligence informs Finance Ministry
Economic intelligence agencies have informed the Finance Ministry that a major chunk of illegal funds and black money is being generated and routed in the real estate sector of the country.
Real Estate Regulatory Bill likely in next Parliament session
Within hours of Track2Realty reporting that the much awaited Real Estate Regulatory Bill will not be tabled in the current session of parliament, the government has confirmed it by announcing that the Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.
Omaxe Infra receives “International Arch of Europe Award for Quality and Excellence” for 2012 in Frankfurt
Omaxe Infrastructure and Construction Limited (OICL), a subsidiary of Omaxe Ltd. received the “International Arch of Europe Award for Quality and Excellence” in Gold category for the year 2012 for showing commitment to quality, exemplary leadership and technology and innovation.
Realty receptive to change but not the CCI way
Ravi Sinha: Sachin, if I come back to the topic of consumer redressal, isn’t it true that lack of clarity in policy leads to consumer blackmailing also in cases like CCI against DLF. How do you see that?
DLF & HUDA to build 16-lane corridor to ease Gurgaon traffic woes
A 16-lane dedicated corridor in Gurgaon will link DLF’s Gateway Tower in Cyber City to the Golf Course Road, offering some relief from crumbling infrastructure in Delhi’s suburb.
Banks and institutional lenders overcautious with realty
In the coming months, the pressure will be to reduce debt-to-equity ratios. With so many developers in debt already, the industry is trying to come out of the situation and 2012 will not be much different. It won’t be easy and the developers are trying various routes. Selling of developed projects, vacant land is a route taken by many developers. Several developers are now providing attractive terms to PE funds to securing funding.
Financial Stability Board recommends RICS Red Book for property valuation
The Financial Stability Board (FSB) published the FSB Principles for Sound Residential Mortgage Underwriting Practices that aim to provide a framework for different countries to set minimum acceptable loan underwriting standards so as to limit the risks that mortgage markets pose to financial stability and to better safeguard borrowers and investors.
Government a perpetuator of real estate price escalation
Sachin Sandhir: When the Government talks about affordable housing and expects the developers to do affordable housing, it is a misnomer because the Government is the first perpetuator of price escalation by auctioning the land to the highest bidder. Then to expect the developer to not make a profit of 50-60 per cent or whatever his expectation, is unrealistic.
Home loan growth falls, bank credit growth at 17%
With interest rates remaining high and real estate prices rising further, the growth in housing loans declined to 12.1 per cent in fiscal 2011-12 from 15 per cent in the previous year. The growth rate in non-food bank credit was also down at 17 per cent during the year as compared with 20.6 per cent in the previous year, the Reserve Bank of India said.