What is meant by Real estate inventory -India

According to a report by Standard Chartered Bank on the Indian real estate sector, the pan-India residential inventory level during 2011 March year was lowest in the last 3 years. In other words, there were more buyers in the market in March in the last three years (2010, …

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Real estate inventory Means

According to a recent report by Standard Chartered Bank on the real estate sector, the pan-India residential inventory level during 2011 March year was lowest in the past three years. In other words, there were more buyers in the market in March in the last three years. Ho…

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SEBI announces norms for Infra Debt Fund

Indian Stock market regulator the SEBI (Securities and Exchange Board of India) came out with guidelines for infrastructure debt fund (IDF), which can be set up by any existing mutual fund or a company which have been engaged in financing the sector for 5 years. SEBI chair…

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Sebi announces norms for infra debt fund

Indian Stock market regulator the SEBI (Securities and Exchange Board of India) came out with guidelines for infrastructure debt fund (IDF), which can be set up by any existing mutual fund or a company which have been engaged in financing the sector for 5 years. SEBI chairm…

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Hotel Leelaventure forays into real estate

Hotel Leelaventure expects to realise about Rs 150 crore by monetising its land adjacent to its Bangalore property, The Leela Palace Bangalore. The company informed the BSE (Bombay Stock Exchange) that it has executed a joint development agreement with Bangalore based devel…

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RBI key rate hike will hit real estate sector - CREDAI

The Indian real estate industry is caught in a pincer attack after the Reserve Bank hoisted the policy rate by 0.5 percentage point more this week. Consumers are expected to buy less because home loans are expensive, while builders will charge more because corporate borrowi…

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Nilkamal forays into realty : Constructing low cost homes

Leading manufacturer of plastic furniture company, Nilkamal is entering construction business. Nilkamal will soon start constructing low-cost houses under government-funded projects. It has bagged three low-cost housing projects and will use monolithic construction for thes…

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City Union Bank First Quarter Net profit 32% up

The Board of Directors of CITY UNION BANK LIMITED approved the un-audited working results for the first quarter of FY 2011-12 at its meeting held in Chennai. Net Interest Income for Q1 FY 2012 went up smartly by 30% to Rs.120.04 Cr. Operating Profit increased by 35% for Q1 FY …

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Foreign investors must have PAN for investing in MF

PAN is a 10-digit alpha-numeric tax payer identification number that is allotted to an individual and is increasingly required to be quoted with financial transactions. Individual foreign investors seeking entry into Indian stock markets will now have to acquire PAN (Permane…

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India's total demate accounts increase to 2 crore

The number of demat accounts with the country's two leading depositories, NSDL and CDSL, has grown substantially. Demat account is opened to hold shares in dematerialised or electronic form. It does away with the problems (such as theft, forgery and loss in transit) asso…

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