DLF plans to cut debt by Rs 3,000 cr by 2012 March

According to India’s largest real estate developer, DLF's group executive director Rajeev Talwar, DLF plans to cut its debt by Rs 2,500-3,000 crore by the end of this 2011-12 financial year. The company aims to reduce debt through the divestment of noncore assets, inclu…

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Credai Pune opens Virtual Realty Fair - e - PROFEST

The CREDAI (Confederation of Real Estate Developers Associations of India) Pune Metro Chapter has opened 'e - PROFEST  2011", Pune's Virtual Realty Fair. The virtual expo promises to showcase over 500 projects from Pune, Pimpri-Chinchwad Municipal Corporation a…

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SBI says no plan to launch teaser loans

THE country's largest Bank SBI (State Bank of India) said it has no plans to relaunch the dual or fixed-rate home loan products, popularly called teaser loans, as was done by its private sector rival ICICI Bank last week. Mr. Pratip Chaudhuri SBI chairman said  “Right n…

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After DLF, CCI targets Delhi builders

Recently, The CCI (Competition Commission of India ) dropped a bombshell that shattered the illusion that all was well with listed realty stocks. It fined market leader DLF Rs 630 crore for essentially duping home buyers using its monopoly power. However, it is no one’s case…

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No plan to launch teaser loans: SBI

India's largest Bank State Bank of India (SBI ) said it has no plans to relaunch the dual or fixed-rate home loan products, popularly called teaser loans, as was done by its private sector rival ICICI Bank last week. Mr. Pratip Chaudhuri SBI chairman said  “Right now, th…

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How to file a complaint against the promoter in the CCI

Any individual can approach the Competition Commission of India (CCI) if he/she can prove that the practice followed by the builder / developer is anti competitive. In that sense any shifting of goal post after you have signed the agreement may also be construed as anti com…

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How to file a complaint against real estate promoter in the CCI

In cases related to real estate, Indian Competition Act is usually the abuse of dominant position that is relevant. So before approaching the Competition Commission of India (CCI), make sure that any one have enough evidence to show that the real estate company you are comp…

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What is Open Interest?

This is the total number of outstanding contracts (i.e., those that have not  been exercised, closed, or expired) of a future or option. Open interest is often used as an  indicator.

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How to get a plot of land loan

Most banks offer loans to people who wish to buy a piece of plot to construct their dream home. Available to salaried and self-employed people and also to NRIs, land loans enable you to purchase a residential plot of land. What type of plot of land can be purchased? A perso…

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Muthoot NCD Rs. 1,000 Cr issue to open on Aug 23

The non-convertible debentures (NCD) issue of Muthoot Finance Ltd (MFL) open today (August 23, 2011). The company  raise Rs. 1,000 crore through the public issue of debentures. The NCD issue, with 3 investment options and an effective yield of up to 12.25% per year closes o…

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