Financial year
The total income from operations stood at Rs 149.77 crore for the quarter, as compared to Rs 113.64 crore for the corresponding period of last fiscal year, an increase of 31.8%.Repco home finance Ltd has posted an increase of 13.7 per cent in net profit at Rs 31.49 crore for the quarter ended March 31, [...] Continue Reading »
According to an ICRA study, in 2013-14 while the number of downgrades exceeded upgrades for the third consecutive year, with 602 downgrades and 559 upgrades, overall, 3.3 per cent companies moved to the default category as against 4.5 per cent in 2012-13. ICRA said ,“During the last fiscal while both the number and severity of [...] Continue Reading »
K R Kamath, CMD and Chairman of PNB Housing Finance says that the company is planning to raise Rs 400 Crore from the rights. PNB has 51 percent share in the company while the remaining 49 percent share is held by private equity firm Destimoney. PNB would take share for Rs 204 Crore and the rest [...] Continue Reading »
The realty of state may be slowly going down for the people of Seemandhra, but for the realtors there’s no time to be lost. In last 15 days, the sector has seen massive activity with realtors in the Port City stating that the number of enquiries for purchasing property has grown up by nearly 25-30% [...] Continue Reading »
Coimbatore- The Coimbatore municipal corporation has focused at achieving 91% tax collection from its 100 wards. It is taking strict actions against property tax defaulters including cutting off water connections to ensure maximum property tax collection from taxpayers before due date. In the preceding financial year, the civic body had achieved a high tax collection [...] Continue Reading »
The Olympia Group, a Chennai based realty company recently launched Olympia Grande on the Grand Southern Trunk road at Pallavaram in Chennai. As a part of gated community, apartments here will be spread in 17 blocks of 11-floor towers. Olympia Grande is a premium residential project comprising around 780 2 and 3 BHK apartments with [...] Continue Reading »
Indore Municipal Corporation (IMC) is all geared up to collect more property tax than last financial year! As against last years’s Rs 172 crore collection, the civic body is expecting a whopping Rs 250 crore as tax this fiscal year. It has managed to collect around Rs 150 crore this year against last year’s Rs [...] Continue Reading »
The home loan sales have grown down drastically in India. India’s top home loan lender State Bank of India (SBI) has witnessed major drop down by 14 percent in home loan sales. From a year ago, around Rs 1,000 crore has been paused from home sales in the first half of the year. However, [...] Continue Reading »
One can indeed say that the work done by Indore Municipal Corporation (IMC) of recovering property tax is showing positive results. Around Rs 1 crore of property tax was collected by the corporation from the defaulters in a day. This has been a record so far and the officials are confident enough to meet the [...] Continue Reading »
The real estate market in India is facing shortage of fewer investments when compared to the previous financial year and from the year 2008 the property prices have seen a rapid price hike, however global economic slow down has been faced in the recent times. Foreign direct investments (FDI) are also facing fluctuating business income [...] Continue Reading »
