Funds
State owned Flag carrier Air India’s (AI) balance sheet has been in red for the last many years and the loss making company is reeling under the pressure to bring back its lost sheen. AI has approached the government of India undertaking company National Buildings Construction Corporation Ltd. (NBCC) to help it monetise its assets. [...] Continue Reading »
The government in its effort to gain foreign investors has announced in its 2014-15 Budget two important measures to increase the flow of foreign funds in real estate and reductions in the minimum size of projects from 50,000 square metres to 20,000 square metres, and the investment amount in a project from US$ 10 million [...] Continue Reading »
Mutual funds (MFs) that invest in stocks of infrastructure companies are now performing well in the short term. The funds have gained 10% and 17.8% in the one-month and the three-month timeframe respectively. Shares of capital goods and power companies are gaining on the stock exchanges are gaining on hopes that an economic recovery would [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
The UP Housing and Development Board increases rates of its properties annually depending on the demand and supply gap in different areas. The board is decided to increase property rates depending on the type and the location of the property. The board decides to increase 16 percent of properties rates in different districts of UP. [...] Continue Reading »
Shortage of funds has made it difficult to start with the conservation process of 16 unprotected monuments. With no government instated in Delhi currently, officials say clearances for Phase II of the project—conceived by Delhi government’s archaeological department and Indian National Trust for Art and Cultural Heritage (Intach)—could take several months. Meanwhile, there have been [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
While banks are being unwilling to provide real estate loans, the Reserve Bank of India has been following a cautious policy to reduce risks associated with realty sector and to ensure that the sector remains sustainable and viable over a long period of time. National Housing Bank (NHB) has also played its role in de-risking [...] Continue Reading »
Chikmagalur Municipality is set to cross check the plinth area of each construction in the city with their self-assessment scheme to find out about house tax evasion. The CMC president CR Premakumar said that they have formed four groups, headed by revenue officers, which would visit residential and commercial buildings. The groups will collect details [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
