Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Real Estate Bubble Building- NHB Cautions Banks

Posted: 28 Sep 2010 11:08 PM PDT

The National Housing Bank (NHB), the regulator for housing finance companies, on Monday advised lenders to exercise caution on lending to high-value properties, even as it warned that a potential real estate bubble was building as residential prices in several regions in the country were breaching their lifetime highs. "There is some sort of real [...]

Vascon Plans to Develop 105 Acre Township worth Rs 2,000-cr in Chennai

Posted: 28 Sep 2010 11:05 PM PDT

Pune-based Vascon Engineers, plans to invest Rs 2,000-crore to develop a 105-acre township in Chennai over six-years, a top company official said. “We plan to develop a 105-acre township, predominantly residential, at Oragadam on the outskirts of Chennai in four phases. In all, we will develop around 10-million sq ft,” Vascon Engineers’ Managing Director, R [...]

Godrej Observes High Growth Rate- Plans to Launch More Projects

Posted: 28 Sep 2010 11:02 PM PDT

Speaking at the Reuters India Investment Summit in Mumbai, Adi Godrej said the company, which is already developing 90 million square feet across India, would announce about five new projects this year in addition to five that have already been announced.” Growth rates are very high, typically in 5 years we have grown at a [...]

Delhi CM Blames Emaar-MGF and DDA for Commonwealth Games Mess

Posted: 28 Sep 2010 10:53 PM PDT

Under fire from all quarters for the mess surrounding the Commonwealth Games Village, Delhi Chief Minister Sheila Dikshit trained her guns on the Delhi Development Authority (DDA) and Emaar-MGF on Monday. The housing agency, which is under the Union Ministry of Urban development with the lieutenant governor as its controlling authority, was tasked to construct [...]

SBI Extends Special Home Loan Scheme till Dec 2010

Posted: 28 Sep 2010 10:44 PM PDT

The State Bank of India (SBI), the pioneer of the special home loan scheme, has extended its special home scheme to December 31, 2010. "We did a cost analysis of our funds and realised that it is possible to continue with the special home loan scheme without being hit on our net interest margin," a [...]

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