Tag Archives: Bank Loans

Builders under pressure as buyers force for refund

January 13, 2009 – 1:21 am

Some of India’s largest real estate firms such as DLF, Unitech, Omaxe and Parsvnath that launched multiple projects at the peak of the real estate boom are now under pressure from buyers and investors who look to exit these projects.
Already in a difficulty due to unavailability of bank loans and a fall in sales, the [...]

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Bank loans for hospitals and hotels are not commercial

January 9, 2009 – 1:46 am

Loans extended by banks to hotels and hospitals may no longer be treated as commercial real estate category. The Reserve Bank of India revised norms on real estate exposure where it included loans extended against security of future rent receivables from commercial real estate exposure.
The revised norms will not immediately impact banks’ balance sheet. This [...]

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Cash-starved Small Players Offer Investors Fixed Returns

May 17, 2008 – 12:58 am

With bank credit drying up and private channels of funding getting expensive, several small developers are attempting to mop-up funds from retail investors by offering them a 12% guaranteed return for 5-9 years. Under the scheme, a retail investor has to buy a minimum area in the project and make an outright payment.
Delhi-based Piyush group, [...]

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