Tag: South Asia

Home loan interest cut won’t help flat buyers of mumbai

Home buyers looking for flats on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks on Monday. Public sector banks announced that home loans up to Rs 5 lakh would be given at a maximum interest rate […]

Tight credit and small bonuses hit real estate

The giant cranes that once worked long into the Mumbai night are still, the roar of concrete mixers has dulled, and hundreds of migrant Realty hit workers have gone home. A slowing economy, high interest rates, tighter credit and a falling stock market have left developers in India’s financial hub scrambling for cash and delaying […]

Slowdown hits demand for prime office space in cities: CBRE

NEW DELHI: Office space absorption in the country has gone down by 41.11% cumulatively in the three quarters ended September this year, as a fallout of the global economic slowdown. The total office space take up between January and September this year stood at 5.3 million square feet as against 9 million square feet in […]

Wadhawan Holdings Private Ltd To Invest In Australia

With one billion people in their home market, it may seem a little surprising Indians would look abroad for investment opportunities. But Mumbai’s Kapil Wadhawan is one such person, and says Australia is an attractive place to expand his business. Mr Wadhawan is chairman of Wadhawan Holdings Private Ltd, a diversified company with interests in […]