Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Indian Retail Sector Lost Rs 9259.9 cr to Theft and Shoplifting in 12 Months

Posted: 26 Nov 2010 12:58 AM PST

The Indian retail sector lost Rs 9,295.9 crore to shoplifting and theft during the 12-month period ended June, 2010, which added Rs 6,631 to the shopping bill of the average family, according to a survey. As per the Global Retail Theft Barometer Study, India also had the dubious distinction of the highest rate of retail [...]

Loan Scam to Affect Real Estate Companies: SMC Global

Posted: 26 Nov 2010 12:53 AM PST

The ongoing investigation of LIC Housing Finance and some public sector banks is set to impact realty companies, which are already facing a crisis of confidence among institutional investors. The development will adversely impact their ability to raise resources either through debt or equity. Given their market performance this fiscal, realty stocks are finding few [...]

15% Fall in Real Estate Index

Posted: 25 Nov 2010 10:35 PM PST

India’s main real estate sector index fell nearly 15 percent on Friday, on fears that an ongoing probe into a financial bribery scandal could involve more real estate companies, traders said. At 10:44 a.m. (12:14 a.m. ET), the benchmark BSE real estate index was down 10.6 percent at 2,571.89 points, after having fallen nearly 15 [...]

No Restrictions on Disbursements to the Real Estate Sector- SBI

Posted: 25 Nov 2010 10:32 PM PST

The country’s largest lender State Bank of India (SBI) today said the housing finance racket, involving CEO of LIC Housing Finance and several senior bankers, will not hit disbursements to the real estate sector and there was no need for alarm. “We are always cautious when we lend and you know there are always bad [...]

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