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 [...]
By rajani
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Posted in Property News
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Also tagged Bank Loans, Cash Flows, Commercial Loans, Commercial Real Estate, Economic Cycle, Fluctuations, Hospitals, Norms, Real Estate Sector, Reserve Bank Of India, Room Rents, Stimulus Package
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December 12, 2008 – 6:03 am
During the real estate boom period in US, there was euphoria all around and excessive, speculative investments being made in real estate, oversupply in the market, lenient lending covenants followed by banks- all of which were common practice in Indian boom period as well. While the former precipitated into a sub prime crisis what is [...]
By rajani
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Posted in Property News
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Also tagged Finance Institutions, Housing Loan, Housing Loans, Latent Demand, Loan Eligibility, Mohammad Asif, Mortgage Institutions, Oversupply, Policy Interventions, Real Estate Boom, Realistic Levels, Reserve Bank Of India, Risk Management Practices, Speculative Investments
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December 6, 2008 – 12:13 am
India’s troubled realty firms may soon be thrown a lifeline, with the Reserve Bank of India indicating that banks consider providing support to large real estate companies.
Recently, the regulator wrote to select banks telling them to assess the financial support given to builders and to finalize a workable solution, a senior banker said. The realty [...]
By rajani
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Posted in Property News
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Also tagged Banks, Capital Markets, Commitments, Downturn, Economic Slowdown, Financial Vulnerability, Funding Sources, Indebtedness, Inflation, Interest Rates, Lifeline, Private Equity, Realty Firms, Reserve Bank Of India, Sectors, Select Real Estate, Workable Solution
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December 3, 2008 – 1:48 am
The government is working on a fresh package of measures to stimulate various sectors of the economy which are facing a slowdown in the wake of the deepening global financial crisis.
The stimulus package is to be announced by the end of this week which is being prepared on the directions of Prime Minister Manmohan Singh.
Apart [...]
By rajani
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Posted in Property News
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Also tagged Apex Group, Economic Sectors, Economic Slowdown, Finance Ministry, Fiscal Incentives, Global Financial Crisis, Home Minister, Intensive Industries, Manmohan Singh, Montek Singh Ahluwalia, P Chidambaram, Prime Minister Manmohan Singh, Reserve Bank Of India
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November 16, 2008 – 11:54 pm
Expect the markets to take the Reserve Bank of India’s (RBI) persuasive moves on Saturday to direct lending to real estate sector with a pound of salt.
The simple point being, when current loans are under distress, why will banks lend more to realtors in times of accelerating slowdown?
Also, all the measures announced are prospective, so [...]
By rajani
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Posted in Property News
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Also tagged Banks, Bonanzas, Capital Values, Electricity Bills, Festive Season, Free Cars, Gold Coins, Home Loan Interest, Home Loan Interest Rates, Loan Interest Rates, Loans, Market Meltdown, Market Mood, Measures, Moderate Level, Property Boom, Property Developers, Real Estate Sector, Realtors, Reserve Bank Of India, Risk Weights, Rupee Exchange Rate, Slowdown, Stamp Duty, Worldwide Financial Crisis
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November 4, 2008 – 11:52 pm
The Reserve Bank of India (RBI) is likely to relax the provisioning norms against loans given to real estate and other sectors. In a meeting with FM P Chidambaram on Tuesday, PSU banks have asked for relaxation of the provisioning norms, without compromising on the quality of credit to utilize their capital more aggressively.
For example, [...]
By rajani
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Posted in Property News
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Also tagged Banking Sector, Corporates, Credit Flow, Gdp, Home Loans, Norms, P Chidambaram, Profitability, Psu Banks, Public Sector Bank, Real Estate Sector, Relaxation, Reserve Bank Of India
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October 30, 2008 – 7:25 am
With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such [...]
By rajani
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Posted in Property News
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Also tagged Debt Market, DLF, Global Credit Crunch, Jones Lang Lasalle, Purse Strings, Real Estate Developers, Real Estate Investments, Real Estate Sector, Real Estate Slump, Reserve Bank Of India, Ticket Size
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August 28, 2008 – 5:45 am
The Enforcement Directorate(ED), the agency responsible for investigating economic crime in India, has sought information from the Goa government on all companies that bought properties in the state between 2000 and 2007, as it investigates the role of a suspected Russian land mafia.
The agency suspects that some Indian companies that bought large plots in the [...]
By admin
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Posted in Property News
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Also tagged Cnn, Economic Crime, Enforcement Directorate, Foreign Exchange Management, Goa, Goa Government, Jones Lang, Land Transactions, Portuguese Influence, Prime Land, Property Consultant, Reserve Bank Of India, Russian Land, Russian Nationals, Tourism In Goa, Tropical Biodiversity
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August 26, 2008 – 12:52 am
Three large realty firms have placed bids to build and operate stretches of national highways that have come up for auction this year as part of expanding their portfolio to offset a slump in their core business. Unitech Ltd, DLF Ltd and Omaxe Ltd are among several infrastructure companies bidding for the right to build [...]
By admin
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Posted in Property News
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Also tagged DLF, Gayatri Projects Ltd, Gvk Industries, Infrastructure Companies, Infrastructure Development, Infrastructure Investments, Inter State, Market Capitalization, Nagarjuna Construction, National Highways Authority, Omaxe Ltd, Real Estate Sector, Realty Firms, Reserve Bank Of India, State Highways
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With RBI hiking the repo rate, home loans under the floating rate regime have witnessed a hike of .75 %. Leading housing finance providers like HDFC and ICICI Bank have again raised the interest rates. Who spares a thought for the loanee?.
HOME LOANS have again become dearer, no thanks to the hike in interest rate [...]
By admin
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Posted in Property News
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Also tagged Finance Providers, Hdfc, Home Loan Provider, Housing Loans, Icici Bank, Interest Rate Hike, Interest Rates, Rate Home Loans, RBI, Repo Rate, Reserve Bank Of India
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Hyderabad-based Totem Infrastructure Limited is looking to expand its portfolio by adding real estate to its group of operations. It plans to build Rs 200-crore multi-use apartments in about 10 acre close to the outer ring road here. The company presently is executing infrastructure works relating to irrigation, power, railways and roads.
Also, the company is [...]
By admin
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Posted in Property News
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Also tagged Bank, Canal System, Central India, Indore, Infrastructure Limited, Investment, Karnataka, Private Equity Fund, Railway Line, Revenue Channels, Totem Infra, Union Bank Of India
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Union Finance Minister P Chidambaram has said the double digit inflation will continue for some more weeks.
The Central Government as well as the Reserve Bank of India is not going to hesitate in taking more steps to control towering prices, if the need arises with the markets also reacting adversely to the two major concerns [...]
By admin
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Posted in Property News
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Also tagged Cb Richard Ellis, Central Government, Dhaka, Home Loans, Mortgage Rates, Mumbai, Oil Price Hike, P Chidambaram, Parsvnath Developers, Property Developers, Repo Rates, Reserve Bank Of India, Residential Property, Union Finance Minister
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Panaji, May 28: Directorate of Enforcement has initiated show-cause notices against the foreigners who have brought properties allegedly in the state violating of Foreign Exchange Management Act.
The notices issued directly to the parties and also through the state government has asked why their properties involved in the contravension of the FEMA should not be confiscated [...]
By rajani
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Posted in Property News
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Also tagged Adjudication, Anil Kumar, Central Government, Documentations, Doe Issues, Fema, Foreign Exchange Management, Government Account, Grim Reality, Legal Practitioner, Management Act, Panaji, Portuguese Colony, Properties In Goa, Reserve Bank Of India, Section 13
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Some things make the Reserve Bank of India (RBI) paranoid. The invasion of foreign money in the Indian property market has always been a familiar theme that rang alarm bells on Mint Street — the central bank’s headquarters.
Whenever it sensed an alarm, the regulator moved in to clamp down on such money flows. Even foreign [...]
By rajani
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Posted in Property News
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Also tagged Alarm Bells, Asset Price, Estate Assets, Foreign Money, Hybrid Instruments, Institutional Investor, Investment Rules, Mint Street, Mortgage Backed Securities, Mutual Fund Schemes, Nris, Price Bubbles, REMF, Reserve Bank Of India, Sebi., Securities And Exchange Board Of India, Venture Capital Funds
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