Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Emaar MGF Blames DDA for CWG Mess

Posted: 22 Nov 2010 02:23 AM PST

Stung by the government’s decision to confiscate its Rs 183 crore bank guarantee, Emaar MGF has put the blame for delay in completion of work at the Commonwealth Games (CWG) Village on DDA which contested the private developer’s contention. Emaar MGF has asked the government to revoke its order to confiscate the Rs 183-crore bank [...]

RBI Eases Real Estate Lending Norms for Urban Cooperative Banks

Posted: 22 Nov 2010 02:14 AM PST

Urban cooperative banks (UCBs) have been allowed to lend more freely now, especially with regard to home loans and advances to the realty sector. The new rules were part of a slew of notifications by Reserve Bank of India easing the norms last week. This is a sequel to the announcements made in the second [...]

Property Investment in India

Posted: 22 Nov 2010 02:11 AM PST

A steady increase in economic prosperity in recent years has given a fillip to consumption-related sectors such as automobiles, white goods and travel and tourism. We are also beginning to witness the emergence of a class of investors willing to look beyond the traditional arenas of fixed deposits, bonds and equities and invest money in [...]

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