bank loans
With growth in the bank loans over a sustained period of time, it can be safe to say that the commercial real estate in India mainly thrives on borrowings owing to security needs and other factors. Bank loans grew high over the past one and a half year to the commercial real estate sector. According [...] Continue Reading »
Banks can provide infrastructure lending to special purpose vehicles (SPV) on the basis of the guarantees or security provided by a holding company. The Corporate Affairs Ministry has clarified that for loans made by a bank to a subsidiary company, a holding company can (without any limit) give guarantee or provide security. Bankers say that [...] Continue Reading »
With lenders cutting interest rates and other charges for home loan, the National Housing Bank expects a growth of 20% this year from 17% in 2011-12. The environment has become competitive due to lowering of the interest rates and abolition of some of the fees The demand and growth of housing loan has been good [...] Continue Reading »
The hotel chain, Citrus Hotels and Resorts has decided to invest about Rs 500 crore to add 1,500 rooms and take its hotels strength by 2017. They have aimed to flourish about 18 hotels in the next five years and currently the hotel chain has 475 rooms spread across eight properties. When questioned about their generating of [...] Continue Reading »
Banks are the major source of funds for the realty sector in India. Due to steady downfall in demand, the real estate companies were not able to repay their bank loans. In a report submitted to the Lok Sabha, it is reported that almost 7 lakh crore of bank loans are still to be paid [...] Continue Reading »
The real estate is the second largest employment generating sector in India. The builders associations are demanding for a special status on a par with industry for this sector. NAREDCO (National Real Estate Development Council) and CREDAI (Confederation of Real Estate Developers’ Association of India) made several representations to the Union government demanding special status [...] Continue Reading »
The real estate sector has the maximum growth potential and provides higher amount of employment after the agriculture sector. Though in the union budget 2012-13, no such declaration was made, the builders and developers still hoping to get the industry status. The developers have again raised the demand for granting the industry status, which will [...] Continue Reading »
