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RBI

India’s realty sector remains preferred destination

India’s realty sector remains preferred destination
According to the report, the Indian construction and real estate sector continues to be a favored destination for global investors and businesses. As per the tax and advisory firm, Grant Thornton, the large numbers of people are shifting towards the cities and the interest shown by the buyers to invest in the real estate market will [...] Continue Reading »

DFL Infra stopped by RBI to organize biz without approval

DFL Infra stopped by RBI to organize biz without approval
The DFL Infrastructure Finance has been prohibited from selling or transferring its properties as well as transacting in other business activities without approval from the Reserve Bank due to irregularities in the findings of the company’s books and accounts checked last year. The company says that they are not allowed to sell, transfer, create charge [...] Continue Reading »

Bangalore coming up as a suitable location for Real Estate Investment

Bangalore coming up as a suitable location for Real Estate Investment
The real estate industry in India is going through the phase of transformation. During 2013, the real estate market remained constant in major Indian cities. In Bangalore, the real estate market remained stagnant as compared to its adjoining cities. It is expected that the real estate market will gain its momentum in 2014. A Silver [...] Continue Reading »

Ratings for Greenfield housing to aid buyers, builders & lenders

Ratings for Greenfield housing to aid buyers, builders & lenders
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system.  The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »

NHB index needed for floating rates in home loans

NHB index needed for floating rates in home loans
Nachiket Mor, central board member of RBI suggested the National Housing Bank (NHB) to work on a benchmark index for floating interest rates in housing loans. He also said that such indexes could result in the expansion of unoriginal market based on it. He also added that the indexes must be customer oriented. He also [...] Continue Reading »

Women homebuyers having an edge

Women homebuyers having an edge
The biggest advantage of purchasing a property on your wife’s name does not only impress the family, being seen as a trendsetter in a patriarchal society but the main strawberry part is that you might shear off 1-2 per cent of the property value. Women buyers get discount on stamp duty by some state governments [...] Continue Reading »

IDFC keen on housing finance, retail lending biz

IDFC keen on housing finance, retail lending biz
IDFC is prepared with a “Plan B” just in case it does not make it to the list of winners for a license from the Reserve Bank of India to start a bank. This also means diversification into housing finance and retail lending business. Speaking on this Group Chief Financial Officer, IDFC, Mr. Sunil Kakar, [...] Continue Reading »

300 mn raised by HDFC through ECB

300 mn raised by HDFC through ECB
Housing Development Finance Corporation (HDFC) raised $300 million via external commercial borrowings (ECB). The amount was raised under the affordable housing scheme of the Reserve Bank of India. ECB loans carry a lower rate of interest and are raised abroad. The RBI has allowed housing finance companies to tap external sources of financing to enable [...] Continue Reading »

2nd highest rise in real estate recorded in Guwahati

2nd highest rise in real estate recorded in Guwahati
Guwahati sees highest rise in the real estate prices in the last quarter of 2013 The last quarter of 2013 witnessed Guwahati registering the second highest rise in prices of residential properties among major cities in India. As per the National Housing Bank (NBH), a subsidiary of Reserve Bank of India (RBI), the prices of residential properties in 16 cities [...] Continue Reading »

Interim budget makes realtors unhappy

Interim budget makes realtors unhappy
The interim budget disappointed realty developers and did not provide any relief to the sector. The developers, however, are hoping for an indirect would boost to the housing demand through the steps being taken to push growth in other industries such as automobile. Confederation of Real Estate Developers’ Association of India (CREDAI) Chairman, Mr. Lalit [...] Continue Reading »



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