Citibank
Bigwig lenders like HDFC, ICICI bank, and Citibank have recently revealed that they have brought back fixed –rate home loans. The decision by leading lenders to re-introduce fixed-rate home loans underscores a significant move because, until recently, such loans had almost disappeared from the home-loan scenario. Even though some lenders offered these loans, borrowers were [...] Continue Reading »
The income tax department conducted the raid on the residence of real estate businessman G Amarender Reddy. During the raid the IT department seized incriminating documents related to the huge cash transactions outside the books. Mr. Amarender Reddy is a close friend of former chief minister N Kiran Kumar Reddy. Mr. Reddy is the chairman [...] Continue Reading »
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »
In the current scenario, home buyers in India have little say in the interest rates on their loans. But products with flexible interest due can prove to be a big innovation in coming days as banks such as SBI, Citibank, Standard Chartered, HSBC, among others, are offering loans with flexible interest payable. The flexi or [...] Continue Reading »
Value & Budget Housing Corporation (VBHC), co-founded by former MphasiS chairman Jaithirth (Jerry) Rao and former Citibank Consumer Banking Head P S Jayakumar, has announced an expansion plan of Rs 300 crore. The company will launch nine projects of budget homes across Bangalore, Mumbai, Chennai, NCR and Baroda, offering a total of 2,500 units. VBHC [...] Continue Reading »
DLF has been downgraded by Citi from “buy” to “neutral” as target price has come down from Rs 266 to Rs 218. Currently, DLF shares have come down by 1.3 per cent to Rs 186.20. Citi group has added that there will be a wait for a pick-up in execution, sales and margins to become [...] Continue Reading »
