Indian home loan sector, outstanding amount is increased to Rs. 2,50,270 Cr
in Rs. Crore
Public Sector Banks (Rs. Cr)
March 2010 Rs. 1,73,316
March 2011 Rs. 1,88,268
Private Sector Banks (Rs. Cr)
March 2010 Rs. 52,538
March 2011 Rs. 58,083
Foreign Banks (Rs. Cr)
March…
Govt. agencies CMDA, DTCP blamed for realty crisis in Tamil Nadu
One of the leading builders' association has accused two Tamil Nadu government agencies of holding up residential and commercial projects worth Rs 7,500 crore by delaying approvals. Mr. T Chitty Babu, CREDAI (Confederation of Real Estate Developers' Association of In…
Today's Tips - Tomorrow's Bribe, Do You Agree It?
Today's Tips - Tomorrow's Bribe, Do You Agree It? - KAAVIYA, Chennai As you know, we all suffer a lot due to bribe/ corruption… but, do you know, we only started it! (also introducing new, new forms of it, even
today).
Yes, what we give as ‘tips’…
CMDA and DTCP blamed for realty crisis in Tamil Nadu : CREDAI
A leading builders' association has accused two Tamil Nadu government agencies of holding up residential and commercial projects worth Rs 7,500 crore by delaying approvals.
Mr. T Chitty Babu, CREDAI (Confederation of Real Estate Developers' Association of India ) Ta…
CARE downgrades DB Realty arm's bank facilities
Indai's leadig rating firm CARE Ratings has downgraded the ratings for Rs 73 crore long term bank facilites of Neelkamal Realtors and Builders, a unit of DB Realty group.
CARE has revised the ratings 'CARE BB' to 'CARE D' due to delays in servicing of th…
Tamil Nadu Housing Board announces Rs 340 crore project
The Tamil Nadu government has announced a Rs 340-crore residential project development through the TNHB (Tamil Nadu Housing Board) in major cities and towns.
This was part of the announcements on the Housing and Urban Development plans for 2011-12 in the state Assembly by t…
Flat buyers benefit from Competition Commission of India verdict
The Competition Commission of India (CCI) has imposed a penalty of around 600 crore on realty major DLF for abusing its dominant market position. Levied by the anti-monopoly watchdog , the penalty was imposed after DLF was found guilty of violating the Competition Act, 2002…
Indian real estate companies have been adding Rs 14 Cr debt a day
The debt load of 11 listed real estate companies in the country has risen 15%r by Rs 5,000 crore, to Rs 38,500 crore in the last one year. That’s nearly Rs 14 crore of debt added every single day.
Most of the increase happened in the latter half of the last fiscal which en…
Horizon Realty Fund launches Amanora Town Centre
Mumbai-based Horizon Realty Fund has launched the first phase of 11 lakh sq. ft ATC (Amanora Town Centre), one of Pune’s largest shopping, entertainment and leisure destinations with an investment of Rs 635 crore.
The fund, managed by Everstone Capital Advisors, a spinoff…
Average age of first time buyer in UK rises to 35: Research Shows
The average age of a first time buyer in the UK has increased by 8s since the 1960s, new research shows.
According to the research firm Post Office Mortgages the average age when someone buys their first property is now 35 and over half, 53% of would be buyers not on prope…
