Indiabulls Housing Finance
Indiabulls Distribution Services, powered by Indiabulls Securities has invested Rs. 600 Cr., in buying a huge commercial building in Chennai. This tends to be one of the remarkable property deals of South India. The complex was previously owned by a hedge fund Americorp under India Land and Properties. There are three towers of the complex, [...] Continue Reading »
Indiabulls Housing Finance is considered as the most valuable company in the diversified group. However the three founders of the Indiabulls group agreed on an amicable split. A shareholder proposed resolutions aimed at removing promoters Rajiv Rattan and Saurabh Mittal, along with three independent directors, from the board of Indiabulls Housing Finance. The identity of [...] Continue Reading »
Indiabulls Housing Finance, prominent mortgage lending firm today testified around 20 percent of outpouring in its net profit of June Quarter at INR 424 crore. Year ago from now, the company had displayed its net profit (after payments of taxation) INR at Rs 424 crore. Company’s total income was reported up by 19.3 percent to [...] Continue Reading »
Now that the elections are over, property deals have once again begun at Lutyens Delhi. The co founder of Indiabulls Group Rajiv Rattan has decided to buy himself a bungalow costing rupees 220 crore in the Lutyens Bungalow Zone on Amrita Shergill Marg. Two people who have been working on this deal have mentioned that [...] Continue Reading »
Lenders trying to find a way to recover loans from financially troubled Deccan Chronicle. Of the 100-crore loan exposure to the financially-troubled Deccan Chronicle Holdings Ltd, Indiabulls Housing Finance Ltd has recovered Rs. 77 crore. DCHL’s properties were auctioned online by Indiabulls. Last year, DCHL defaulted on its loan payments, resulting in Indiabulls taking possession [...] Continue Reading »
Sachin Chaudhary the business head of India bulls Housing Finance has advised the loan borrowers not to go for fixed-rate loans or to extend loan tenors and he also reported saying that a high rate scenarios are increasing in the payment of EMI. The fixed rate loans are expected to soften. The India bulls Housing Finance head also explained saying [...] Continue Reading »
