Reserve Bank of India
It is a good news for the people who have bigger dreams, but aren’t able to fulfil the same, because of the funds available. Reserve Bank of India has some good news for the low cost housing plans. They have extended the limit to 10 lakhs for individuals against the issuance of Infrastructure Bonds which [...] Continue Reading »
According to a statement released by RBI Governor, RaghuramRajan, the Reserve Bank of India plans on offering greater flexibility to banks for restructuring of distressed loans. This shall be done with the objective of steering funding towards cash-strapped infrastructure projects. In view of the poor state of affairs in the development of infrastructure projects due [...] Continue Reading »
As more and more foreign real estate companies and investors are looking to enter the Indian markets owing to the relaxation in the FDI norms, market regulator SEBI has proposed allowing of Foreign Venture Capital Investors (FVCIs) in Core Investment Companies (CICs). SEBI has floated its proposal to allow investment in real estate projects under [...] Continue Reading »
Despite concerns being raised by the banking regulator over varied instalment schemes offered for real estate buyers, developers continue to woo consumers with more such offers to boost sales during the festival season. In September last year, the Reserve Bank of India (RBI) had expressed its displeasure on home loan products that offered under the [...] Continue Reading »
According to a report released recently by Bank of America Merrill Lynch (BofA-ML), despite the appreciation in the US dollar (USD), the Indian rupee will likely trade in the range of between Rs 58 and Rs 62 per dollar; thanks largely to the fact that global oil prices have softened and curbs have been imposed [...] Continue Reading »
The Finance Minister Arun Jaitley on Saturday assured the investors that the government was committed to taking business-friendly measures. This was done a day after the official data showed the economic growth in the first quarter of the current financial year was better than expected. He suggested these steps, such as increasing the cap on foreign investment in insurance and [...] Continue Reading »
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said on Wednesday. SS Mundra the deputy governor of Reserve Bank of India stated that he believe there’s enough scope for housing prices to come down from the higher perch because of huge inventory piled [...] Continue Reading »
Since BJP election manifesto had talked about providing housing to all by the 75th independence day of the nation, the center is now taking measures to make this a reality. It started the same with the change in nomenclature and named it under SardarVallabhbhai Patel- the renowned freedom fighter of India. Rajiv Awasyojna (RAY) will [...] Continue Reading »
Residential property prices in India have a lot of scope for reduction as supplies are sufficient, a top RBI official said on Wednesday. SS Mundra the deputy governor of Reserve Bank of India stated that he believe there’s enough scope for housing prices to come down from the higher perch because of huge inventory piled [...] Continue Reading »
