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SBI Increases Interest Rates on Home Loan

Posted: 05 Apr 2010 01:22 AM PDT

State Bank of India (SBI), the largest bank in India and one of the leading players in the housing finance market, has raised interest rates on home loans. Although the bank will continue with its 8% teaser rate — which the SBI had introduced more than a year ago — for the first year, it [...]

Realty Revival May Push up Retail Rentals

Posted: 05 Apr 2010 12:30 AM PDT

There may be a turnaround in realty fortunes, but rentals are still to look up. So much so that the likes of Shoppers Stop or Inox have not yet been approached by mall developers to cough up higher rentals. Real estate analysts claim that the retail space should witness sustained growth for a considerable span [...]

DLF Appoints Goldman Sachs as an Advisor for Aman Resorts Stake Sale

Posted: 05 Apr 2010 12:30 AM PDT

DLF, India's largest real estate company, has appointed Goldman Sachs as an advisor as it attempts to fund buyers for Aman Resorts, a luxury hotel chain it had acquired in November 2007 for $400 million. The company, which was hard hit by the downturn in the real estate market which started in the middle of [...]

IT Industry Pushes Realty Prices Upwards in Karnataka

Posted: 05 Apr 2010 12:19 AM PDT

Premium properties in the city have seen no price correction in the first quarter of this year. Their prices are, in fact, showing a slight upswing, demand being driven by the resurgence of the IT industry in recent months, said leading developers and officials of the Confederation of Real Estate Developers Associations of India (Credai) [...]

Gujarat Realtors Eyeing Latin American Real Estate Market

Posted: 05 Apr 2010 12:14 AM PDT

Latin America is now on the radar of realtors from Gujarat. Come July, and about 100-odd builders and developers from across the state will fly to Brazil and Argentina for a 10-day tour to study the local real-estate markets existing in these countries. "Both Brazil and Argentina have economies which are identical to the one [...]

High Rentals Provide Ahmedabad Edge over InfoCity

Posted: 04 Apr 2010 10:19 PM PDT

Gandhinagar’s InfoCity does not seem to hold much appeal to entrepreneurs and students aspiring to venture into business, largely because of its 'high rents'. At the third edition of Barcamp — hosted by the Entrepreneurship Development Institute of India (EDI)— here on Sunday, participants said they would prefer Ahmedabad to InfoCity. They were of the [...]

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