CEO
With expansion apparently on the horizon for India’s affordable and low-income housing sector, which presently has a shortfall of approximately 5-6 million homes, some bigwig real estate-focused private equity (PE) funds are planning to make investments in the sector. A possible investment in India’s low-income housing sector in 2014 is an option that is being [...] Continue Reading »
Shruti Manchanda, daughter of Infosys CEO SD Shibulal is set to expand her hospitality venture, Tamara with an investment of Rs. 150 Crores. Manchanda owns slightly less than one per cent stake in Infosys, which is worth Rs. 1,350 crore. She plans to invest up to Rs. 150 crore in her venture to set up [...] Continue Reading »
New Delhi- In a latest innovation by the Delhi Jal Board, the errors of an increased or a decreased bill will be sorted out by the exceptional billing account which is the new online billing system. According to Debashree Mukherjee, CEO, DJB, they had planned to launch the portal during the first billing cycle but were not able [...] Continue Reading »
(GPL) launched a luxury residential project ‘Godrej Serenity’ at Chembur, Mumbai on Tuesday. Godrej Serenity will include a 17-storey tower comprising 3 and 4 BHK luxury apartments and 2 exclusive duplex penthouses. It will offer modern lifestyle amenities like a clubhouse, which includes a swimming pool, a steam room, a sitting room, a pool table [...] Continue Reading »
The National Housing Bank (NHB) raises provisioning requirement for doubtful assets up to 100%, asks housing finance companies to set aside 0.4% loans as buffer. The new guidelines are aimed at protecting the health of HFCs when concerns over possible asset quality deterioration increases manifold amid rising interest rates, but industry captains said their prising [...] Continue Reading »
