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 manish
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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 manish
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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 manish
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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 manish
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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 manish
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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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