Property News from IndianRealtyNews

Property News from IndianRealtyNews

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RBI Ensures Equal Benefits for New and Old Home Loan Borrowers

Posted: 10 Apr 2010 12:02 AM PDT

Floating-rate home loan borrowers, who often felt they got a raw deal, will now have a reason to cheer. The Reserve Bank of India's (RBI) new rules will ensure that they get the full benefit of any reduction in interest rates. In its final guidelines on the base rate — the new benchmark that banks [...]

Crisil Report Predicts Stability in Property Rates

Posted: 09 Apr 2010 11:57 PM PDT

A Crisil research report on residential property prices of India’s 10 biggest cities says prices will remain more or less stable with a moderate dip in prices in Mumbai and a marginal (2 per cent) rise in the National Capital Region (NCR) in 2010. According to the report, the average capital appreciation in the 10 cities [...]

Govt Approves Six New SEZs

Posted: 09 Apr 2010 10:08 PM PDT

The government on Friday approved the setting up of six new special economic zones or SEZs, areas which receive special tax and duty concessions for manufacturing and exports. Among those approved are a solar SEZ by infrastructure company Lanco in Chhattisgarh and a copper SEZ by Sterlite Industries in Tamil Nadu. The approvals also allayed [...]

Changes in FDI Norms can Dampen Foreign Investments- Experts

Posted: 09 Apr 2010 10:01 PM PDT

Foreign venture capital funds will find it more difficult to invest in venture funds here with the government changing the foreign direct investment (FDI) rules. Experts fear this could dampen foreign investments into India. The new rules say foreign funds will now require prior approval for investment in Indian venture funds and they cannot invest [...]

RBI to come up with Two Real Estate Indices for Residential and Commercial Property Prices

Posted: 09 Apr 2010 08:49 PM PDT

The Reserve Bank of India (RBI) may soon come out with two real estate indices — one reflecting movements in residential property prices and another for commercial property rates. A RBI report on asset price monitoring system has recommended that the indices should be revised every quarter. If RBI accepts the suggestions, the indices could [...]

Mahindra Lifespaces Plans Revival for Growth

Posted: 09 Apr 2010 08:08 PM PDT

Mumbai-based realty developer Mahindra Lifespaces Developer (MLD) has gained 16% in the past one month, as its rental portfolio increases. The stock has managed to put up a good show despite the overall market gaining just about 5% in the same period. It touched its 52-week high of Rs 543.4 on April 8, '10 and [...]

SBI Set to Extend its Home Loan Lead this Fiscal

Posted: 09 Apr 2010 12:12 AM PDT

The country’s largest lender, State Bank of India is likely to be the number 1 position holder for home loans this fiscal too. This estimation is based on grounds of the bank’s projection of going ahead with home loan disbursals worth Rs 23,000 crore in FY’11. The portfolio growth of the bank has also been [...]

Emaar Finds India the Most Attractive Market for Investment

Posted: 08 Apr 2010 11:06 PM PDT

Mohamed Bin Ali Alabbar, chairman of Dubai-based real estate major Emaar, finds India as one of the most attractive markets and would continue to invest in the country through its joint venture company Emaar MGF. Emaar, which is a listed company with 68% public holding and the rest with the Dubai government, has invested around [...]

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