Tag Archives: Borrowings

Housing demand falls 35% in smaller cities: Assocham

November 26, 2008 – 6:00 am

The demand in the housing sector fell by 35% in tier-II and tier-III cities in the first half of this fiscal due to the high cost of borrowings, says an assessment by an industry lobby.
According to the assessment of Assocham, over 20 million people in about 25 tier-II and tier-III cities, who want to purchase [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , , , | Comments (0)

A Delhi Based Real Estate Company Is In Debt

August 20, 2008 – 9:39 am

A Delhi based real estate company, which claims to have transformed the dreams of several of its customers to reality, is being trampled by a leading Mumbai-based NBFC.
The promoters of the real estate company had pledged its shares with the NBFC and accepted a funding of Rs 300 crore to meet its short-term working capital. [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , , , | Comments (1)

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, [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , , , | Comments (0)