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, Bank Of India, Cash Flows, Commercial Loans, Commercial Real Estate, Economic Cycle, Fluctuations, Hospitals, Real Estate Sector, Reserve Bank Of India, Room Rents, Stimulus Package
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January 5, 2009 – 4:27 am
The ministry of housing is considering a proposal that may allow home owners to add extra floor beyond prevailing norms on their existing properties by paying a fee to the local body. The money will be used for providing affordable housing to the economically weaker section. The proposal is based on the recommendations of the [...]
By rajani
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Posted in Property News
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Also tagged Affordable Housing, Civic Amenities, Development Ministry, Enactment, Existing Properties, Gdp Growth, Habitation, Housing Ministry, Housing Shortage, Ministry Of Housing, Real Estate Management, Regulatory Agency, Resettlement, Slum Dwellers, Squatters, Undue Pressure, Urban Housing
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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 Bank Of India, Banking Sector, Corporates, Credit Flow, Gdp, Home Loans, P Chidambaram, Profitability, Psu Banks, Public Sector Bank, Real Estate Sector, Relaxation, Reserve Bank Of India
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