Funds
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
India’s oldest golf club, Kolkata’s Royal Calcutta Golf Club (RCGC), plans to enter real estate sector in order to create a regular source of income to rise its operational revenue and gather funds for the clubhouse and course upgrade. The club authorities will be signing a joint agreement with private equity (PE) player, Xander Group, [...] Continue Reading »
Ghaziabad real estate has plummeted by more than 10 per cent, as an outcome of the economic slowdown. Builders and developers are unable to reduce the ever increasing input costs which further lead to a hike in equated monthly installments (EMIs). Along with rising input costs and EMIs, other factors such as rising interest rates, higher land [...] Continue Reading »
The country’s fifth largest revenue private sector lender, Kotak Realty Fund has decided to lend Rs 523 crore to the real estate developers. On behalf of same discussion, the Kotak Realty Fund expert say that they have raised money for debts from its present investors who are contended with the returns they have got till [...] Continue Reading »
Poor civic works in Chennai city is reflecting Chennai Corporation’s lack of planning. Un-necessarily funds are being released for the road construction and road repairs. Chennai Corporation officials themselves claim that only 1 percent of the project for a new roads is sufficient, however they still spend around Rs 100 crores to repair and relay roads. [...] Continue Reading »
Home loan rates fluctuating, here it is back into action again! The new norm is leaving the loan payers and borrowers worried behind. It is State Bank of India (SBI) this time who has decided to change pre-payment charges in concern with both the fixed and floating loans. India’s largest lender SBI calls for this [...] Continue Reading »
