Bank lending to realty won’t decline
Though the Reserve Bank of India has laid out strict due diligence standards for banks for sanctioning loans to the real estate sector, industry experts believe lending to the sector will not decline.
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Mahagun promises full refund to Noida Extn buyers
Mahagun has promised full refund to the buyers who booked flats in its project at Noida Extension.
SBI says no to funding of realty projects in disputed areas
Noida extension seems to be taking its toll. India’s largest home loan provider State Bank of India (SBI) said on Friday, July 8, it will not finance real estate projects which are mired in disputes over acquisition of land.
Realtors pull out of affordable housing projects
More than half a dozen builders, including Ahmedabad-based Bakeri Group, Lodha Developers and Indiabulls Real Estate, have either pulled out of the affordable-housing segment or have changed their offering.
SC rejects Sahara plea to issue notice to govt on OFCD issue
The Supreme Court today, July8, rejected the Sahara Group’s plea to issue a notice to the government in connection to its dispute with market regulator SEBI.
RBI advises banks to go slow on loans to commercial real estate
The Reserve Bank of India (RBI) has asked banks to go slow on lending to the commercial real estate projects. The central bank fears an asset price bubble.
SC to hear Sahara plea against SEBI order today
The Supreme Court will today hear the Sahara group firm’s plea against the SEBI order to return the money, along with 15 per cent interest, collected from investors through its Optionally Fully Convertible Debentures scheme.
In Noida Extension, ‘realty’ check begins
Hours after the Supreme Court order, several worried investors at Shah Beri village rushed to the offices of developers demanding their money back or a house at an alternative site.
India Property invests Rs. 120 crore in Ramprastha’s Gurgaon project
Private equity firm India Property Fund has picked up a 49% stake in Ramprastha Group’s housing project Skyz in Gurgaon for Rs.120 crore.
Speedy clearances with defined government roles needed to regulate realty
Real estate developers are often blamed for delay in projects. But the fact of the matter is that it is more often the state parties that are responsible for the delay in project.