Mumbai
According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012. This shows that demand for home loans have increased as more consumers are seeking home loans. Home loan enquiries have more than doubled from first quarter of 2007 to third [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »
The Sensex climbed over 100 points in early trade on Monday. Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee have planned to soon unveil measures to improve market conditions. The Nifty touched a high of 5,188.95 and a low of 5,158.45 today while the Sensex touched a high of 17,116.67 and a low of [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
Realtors of India are pretty sure that the housing prices will not fall in the near future even after the economy’s downfall. It is a fact that due to the delay by the state government there is pressure on the developers but such delays affect the cost for developers. According to a research made by [...] Continue Reading »
As there has been a depreciation in the value of rupee, Non-resident Indians (NRIs) in the UAE are now interested buying properties in India. Prior to the three-day Indian Property Show in Dubai, pre-launch bookings have been done by NRIs which has risen to 80 per cent in recent months. The NRIs who have been [...] Continue Reading »
The civic body in Mumbai has passed a bill to change the property tax calculation system from ratable to capital value based on urgent need. However, the corporators of the city have to say that there was no urgency to do the same. The corporators stated that most of them didn’t know about the proposal [...] Continue Reading »
Few years back, the home loan which was provided under teaser loan scheme by a housing finance company (HFC), is not the same anymore when repaying it back. The prepayment charges amounted to Rs 2 lakh for a person who had availed a Rs 1 crore loan under that special rate scheme. As per a [...] Continue Reading »
Edelweiss Housing, a branch of financial service provider Edelweiss Group, aims at taking its total loan-book size to Rs 6,000 crore by 2015, a top company official said. The firm has a loan book size of 900 crore and has set up its housing finance in 2010. Anil Kothuri, Edelweiss Housing Finance Executive Vice-President, told that the company started [...] Continue Reading »
