India Mortgage Guarantee Plan: May Hike Loan Amount, Reduce Interest Rates

In India, Banks and Housing finance companies (HFC) waiting for a circular from  National Housing Bank (NHB) to get a clear picture of implications Housing  loan seekers may experience some relaxation with the advent of India Mortgage Guarantee Company, which will be operat…

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Vision India Real Estate: Launches New Flats on Padur OMR, Chennai

Vision India Real Estate recently announced the launch of Imperial Red, a 19 storey tower with 140 flats. Imperial Red, is a part of the company's “The Gem Grove” community on Padur OMR (Old Mahabalipuram Road) and is spread a cross 6.64 acres. The first phase of this …

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Corporation Bank : Cuts Housing Loan Rates

MANGALORE based Corporation Bank has reduced interest rates on home loans with effect from June 1, 2012 The reduction varies from 0.10% to 0.75% for different tenors &  the amount of loans sanctioned. Following are the floating rates of interest for housing loans. For lo…

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Indian Real Estate Trend : NHB Residex - DELHI

NHB Residex - DELHI             Now, National Housing Bank’s -  NHB RESIDEX has covered 20 cities in the first phase, it is proposed to cover 35 cities having million plus population.  The proposal is to expand NHB RESIDEX to 63 cities, which are covered under the Jawahar…

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SBI Chennai : Donated Rs. 52 Lacs to Cancer Institute, Adyar

State Bank of India (SBI), Chennai Circle donated an Ambulance Van &  Medical Equipments to the Paediatric Centre of Cancer Institute, Adyar, Chennai valued at Rs. 52 lacs  on 29.05.12. Mr. Pratip Chaudhuri, Chairman, SBI, handed over the keys of the Ambulance Van to …

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KG Foundations : Nousing project in Poonmallee, Chennai

Chennai City-based, ISO 9001:2008 certified KG Foundations Pvt Ltd, one of the most trusted and leading real estate developer for over 30 years, recently anounced the launch of “KG Centre Point” housing project in Poonmallee, Chennai.  This project is spread a cross 7.2 a …

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SPR & RG : Launches Osian Chlorophyl in Porur, Chennai

Chennai city based SPR & RG has launched a multiple-block residential apartment project named Osian Chlorophyl close to the Sri Ramachandra Medical College near Porur, a fast growing western suburb of Chennai. Mr.Hitesh Kawad, MD, SPR & RG said, “Our idea is to prom…

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DLF Ltd: 39 % Decline in Net Profit

India's largest real estate company DLF Ltd  on  recently reported a 39% fall in its consolidated net profit at Rs. 212  crore for the quarter ended March 31, on high interest outgo. The DLF Ltd had posted a net profit of Rs. 345  crore in the year ago period. The total…

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Share Review Nagarjuna Construction Company : Target Price Rs. 41

For 4Q FY 2012, Nagarjuna Construction Company (NCC) posted better than expected numbers on the revenue and earnings front. However, the company disappointed on the EBITDAM level. The current outstanding order book of NCC stands at  Rs. 20,196 cr, with order inflow of  Rs.…

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Noida Extension House Buyers: Dharna on June 8, 2012

The promise given to Noida Extension house uyers about clearance to the Greater Noida Master Plan 2021 on May 29, 2012 turned out to be another damp squib. Buyers have now decided that they will stage a dharna in front of the planning board on June 8, 2012 to pressure them…

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