Property News from IndianRealtyNews |  |
| More than 6% Decline in Real Estate Firm Unitech’s Shares Posted: 29 Nov 2010 01:15 AM PST Shares in Indian real estate firm Unitech Ltd fell more than 6 percent on Monday, after ET reported that investigative agencies were probing a financial transaction the firm entered into in 2007. Investigators probing a telecoms license scandal were also examining a loan of 16 billion rupees ($350 million) that Unitech received from unlisted Tata [...] |
| CREDAI fears Drastic Reduction in Credit because of Housing Scam Posted: 28 Nov 2010 11:34 PM PST The Confederation of Real Estate Developers’ Association of India has said that "painting" the 'loan-for-bribe’ as a scam, would lead to drastic reduction in credit for real estate companies. Bankers would become extremely wary and hesitant to lend to realtors and given the shortage of housing, it would be detrimental to both customers and homebuyers, [...] |
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