Rise Of Student Housing As A Global Real Estate Asset Class..!

According to Jones Lang LaSalle’s new Global Student Housing Report, The increasing number of students from Asia choosing to study outside of their home country has played a key role in developing the student housing sector into a global real estate asset class. In recent ye…

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Outstanding Contribution in Constructive Work: Jamnalal Bajaj Foundation Awards

This year’s Jamnalal Bajaj Foundation Awards ceremony is scheduled to take place on November 15, 2012.  The awards will be presented at a special function in Mumbai. The event will be graced by the presence of Chief Guest Honorable President of India, Mr.Pranab Mukherjee. Th…

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Chronic Housing Shortage in India : CREDAI Plea to Central Govt.

Calling for burning the antiquated laws of the British Raj that govern urban development, housing industry, developers' apex body CREDAI ( ) strongly advocated a pragmatic & practical approach by all government departments, particularly the environmental ministry, t…

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ABI ESTATES: 7th Time Best Real Estate Award

Chennai based ABI Estates got 7th time Best Real Estate Award The award given by Pudhucherry Chief Minister Mr. Rangasamy to Mr.  . S . Elango , chairman and Group Managing Director Contact Abi Group - ABI Properties - ABI ESTATES, 397(Old 281), Anna Salai , Precision Plaza,      (…

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State Bank of India : Cuts Processing Fees on Housnig Loan

The country’s largest lender State Bank of India  (SBI) on recently reduced the processing fee on housing loan by 50% to cash in on festive season demand. This offer is applicable on home loans availed from October 17 to December 31, 2012 SBI said in a statement. With this…

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Punjab & Sind Bank: Festival Bonanza Scheme for Home Loan

Public sector bank Punjab & Sind Bank had announced festival bonanza scheme for housing loan. The scheme, as per the Punjab & Sind Bank statement, is applicable to fresh and takeover cases of such loans made during the current festival season beginning October 15, …

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Vasathi Housing: Assured Gifts for Flat Buyers in Festive Season

On booking of an apartment at Vasathi Anandi between 16th and 24th  October, 2012 customers (buyers) can pick their gift from a choice of Voltas AC + Kenstar Geyser + Gilma Chimney or / Voltas AC + Kent RO or / a modular kitchen. This festive season, Hyderabad based Vasathi Ho…

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Bank of Baroda: Cuts Home loan rates by up to 1.50%

Bank of Baroda (BoB) had announced up to 1.50% points concession in interest rates on housing loans of different tenures / loan amounts as part of its festival loan campaign. During the campaign period, home loans of 25 years tenure of up to Rs. 30 lakh, and above Rs. 30 lak…

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Syndicate Bank: Festival Offer for Home Loans..!

Syndicate Bank had announced festival offer for home loans. The bank is offering housing loans at 10.5% (EMI - Equated Monthly Instalment- is Rs. 944 per lakh) up to Rs. 25 lakh for 25 years and at 10.75% for above Rs. 25 lakh up to Rs. 75 lakh. For loans over Rs. 75 lakh, t…

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Housing Loans to Grow 20% : National Housing Bank

The National Housing Bank (NHB) aims to disburse about to Rs.17,000 crore as refinance support to banks & HFCs (housing finance companies) in 2012-13. NHB had disbursed nearly Rs 14,400 crore in 2011-12. The apex bank for regulating & supervising HFCs, has already dis…

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Vijaya Bank : Cuts home Loan Rates by 0.80%

State owned Vijaya Bank has reduced home loan rates by up to 0.8% to cash in on festive fervour. The bank has also waived the processing fee for housing loans availed between October 1 & January 31, 2013. Mr.Harideesh Kumar B, General Manager, Vijaya Bank said, "Inte…

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Housing Loans to Grow 20% : National Housing Bank

The National Housing Bank (NHB) aims to disburse about to Rs. 17,000 crore as refinance support to banks & HFCs (housing finance companies) in 2012-13. NHB had disbursed nearly Rs 14,400 crore in 2011-12. The apex bank for regulating & supervising HFCs, has already di…

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Demand for Housing Loans Doubles After Interest Rate Cut: SBI Says

India's biggest lender SBI (State Bank of India) on recently said it is witnessing early signs of revival in credit growth as mid-size companies have started seeking fresh funds. Mr. A. Krishna Kumar, MD & Group Executive for National Banking , SBI said,  “There are e…

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Canara Bank: Housing Loan Constituted 60% in Retail Loan Portfolio..!

For the first quarter ended June 2012, Bangalore-based public sector lender Canara Bank’s outstanding advances under retail lending portfolio stood at about Rs. 22,848 crore, including home loan of Rs. 13,747 crore. Housing loan constituted nearly 60 % of the total retail-le…

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Asvini Foundations - Asvini Amaris : Most Affordable Residential Property (Metros) 2012

Once again it is time for celebration at chennai based Asvini Foundations since their exceptional project Asvini Amaris has won the prestigious CREDAI Award For The Most Affordable Residential Property (Metros) 2012. Mr. Siva, Director Asvini said,  “It is indeed a proud mome…

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How to Get Correct Numbers of Unsold Flats: Developers Form a Committee

Indian Developers / builders / promoters have formed an in-house committee to take stock of the demand and supply scenario in real estate. The CREDAI (Confederation of Real Estate Developers' Associations of India) formed the panel under the chairmanship of  Mr. Sandeep M…

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Central Govt plans Two 'smart' Cities in Each State..!

The central government is planning to develop two (2) “smart” cities with a host of modern features such as intelligent transport, carbon neutral status in each of the States in the second phase of the JNNURM (Jawaharlal Nehru National Urban Renewal Mission). Half Million to…

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ASK Property Investment Advisors Partners with Shriram Group for a Residential Project

ASK Property Investment Advisors (ASKPIA), the real-estate private equity arm of ASK Group recently announced its 4th investment from its second real estate fund. The project which comprises of villas and apartments is expected to have a sales value of about Rs.700 crores. Th…

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India Mortgage Guarantee Corp: R.V. Verma Chairman

The board of directors of India Mortgage Guarantee Corporation (IMGC) had elected Mr. R.V. Verma as the Chairman of the company. Mr. Verma is currently the Chairman & Managing Director of National Housing Bank (NHB), which has a 38% stake in IMGC. IMGC, which is now capit…

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Green Tree Homes: Offers Safe Foundations

Green 201 project at Pudupakkam, Chennai right behind the Siruseri IT park has created a new record in building construction. The Raft Concrete (RCC) pour, a total of 1,698 cubic meters went as a single pour, non-stop for 46 hours. This is an astounding achievement as it is n…

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