Property News from IndianRealtyNews |  |
- IT Department Asks Lodha Group to Pay Rs 60crore in Taxes
- 25% Rise in Home Loan Rates; SBI’s now at 10.25%
- Bangalore Based Developer ‘Brigade’ Plans to Raise Rs 400crore Debt
| IT Department Asks Lodha Group to Pay Rs 60crore in Taxes Posted: 15 May 2011 08:54 PM PDT Five months after Income Tax department officials seized crores in unaccounted cash from lockers of the employees of real estate giant Lodha Group, it has asked the company to pay Rs 60 crore in taxes. In January, the I-T department had raided about 20 premises of Lodha Group in Mumbai and Hyderabad on alleged misreporting [...] |
| 25% Rise in Home Loan Rates; SBI’s now at 10.25% Posted: 15 May 2011 08:02 PM PDT A large number of home loan customers with floating rates are in for some tough times ahead, with major banks and housing finance companies (HFCs) raising mortgage rates. Over the last two years, interest on home loans has gone up by at least 200 basis points (100 basis points = 1%), from about 8% to [...] |
| Bangalore Based Developer ‘Brigade’ Plans to Raise Rs 400crore Debt Posted: 15 May 2011 06:55 PM PDT Bangalore-based real estate developer Brigade Enterprises is planning to raise around Rs 400 crore debt during present financial year to fund its future business growth. The company is in talks with financial institutions for raising this debt and is expected to close a deal in the near future. "We will raise around Rs 300 crore-Rs [...] |
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