Tag Archives: Bank

Realtors must tell buyers about bank claim

September 19, 2009 – 12:58 pm

Home buyers will now know if the land on which their building stands is free of outside claims after a recent RBI circular mandating builders mortgaging the land to raise money to disclose it in all advertisements and brochures.
RBI has asked lenders to ensure that all publicity material relating to the sale of real [...]

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Banks suggest no increase in real estate price

July 13, 2009 – 1:26 pm

Banks in India are suggesting property developers to stop increasing real estate prices as it could stop the market recovery. Developers have been taking advantage of rise in sale but its side effect could put off the buyers.
S. Sridhar, Chairman and Managing Director of the Central Bank of India described the move as short [...]

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Totem Infra To Expand Its Portfolio With Real Estate

July 8, 2008 – 12:47 am

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 [...]

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